In 2024, the standard deduction is $14,600 for single tax filers, $29,200 for joint filers, and $21,900 for people filing as ...
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IRS updates Tax deductions: What you need to know for 2025Among the notable updates is the issuance of Notice 2024-71 ... specifies that only doctor-prescribed treatments qualify for deductions, excluding over-the-counter nicotine patches.
Notice 2023-56 describes certain types of state ... As a general rule, taxpayers who choose the standard deduction on their federal income tax returns do not owe federal income tax on state ...
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