What Is The Standard Deduction For 2024 Hoh. About 90% of all taxpayers take the standard deduction. Key income tax numbers for 2023 and 2024.

In 2024 and 2025, the credit is $2,000 per qualifying child. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.