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2024 Standard Deductions

• Single - $14,600

• Married Filing Jointly or Qualifying Widow(er) - $29,200

• Married Filing Separately - $14,600

• Head of Household - $21,900

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Earned Income Credit

• Must have EARNED income

• Investment income limit: $11,600

• *Taxpayers claiming the EITC who file Married Filing Separately must meet the eligibility requirements under the special rule in the American Rescue Plan Act (ARPA) of 2021

• Maximum Credit Amounts

  • No qualifying children: $632

  • 1 qualifying child: $4,213

  • 2 qualifying children: $6,960

  • 3 or more qualifying children: $7,830

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