2024 Standard Deduction Over 65 Tax Brackets . If you are both, you get double the. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.
The measure would tax amounts over $3.5 million at rates beginning at 55% to as much as 65%, depending on the amount transferred. The personal exemption for 2024 remains at $0.
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