Standard Tax Deduction 2024 . This publication is a quick reference guide outlining malaysian tax information which is based on taxation laws and current practices. This booklet also incorporates in coloured italics the 2025.
For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately; The standard deduction is a fixed dollar amount that reduces the amount of income you get taxed on.
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Senior Standard Deduction For 2024 Tax Year Erna Odette , Written by a turbotax expert โข reviewed by a turbotax cpa updated for tax year 2024 โข october 18, 2024 11:15 am.