Tax brackets: What are the amounts, deductions for 2024?

Category: Finance

Tax season is approaching with the IRS increasing standard deductions for 2024. Married couples filing jointly will see a deduction of $29,200, while single filers will have a deduction of $14,600. The start of tax season is expected to be announced in January, with the filing deadline on April 15. Additionally, higher standard deductions are projected for 2025.

Keywords: Tax Season, IRS, Standard Deduction

Source: NewsCenterMaine.com WCSH-WLBZ

Update At: 12/17/2024

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