Interna Revenue Service
IRS Increases Deductions for 2024 Taxes – What This Means for Your Tax Refund
Anthony Lane
The IRS has increased standard deductions for the 2024 tax year, helping taxpayers reduce taxable income and potentially receive larger refunds. With higher deductions for single, married, and head-of-household filers, along with adjusted tax brackets, these changes aim to ease the impact of inflation. Learn how these updates affect your tax return, strategies to maximize deductions, and how to track your refund for the 2025 tax season.
