reduce taxable income Archives

Understanding the IRS Standard Deduction for 2024

by Muhammad Taha Farooq | Aug 21, 2024 | Educational, Tax Related, US Taxation

Title: Understanding the IRS Standard Deduction for 2024 **Introduction:** The standard deduction is a crucial part of your tax return, as it directly reduces your taxable income. Understanding how the standard deduction works and the changes for 2024 can help you...