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2024 Standard Deductions

• Single - $15,750

• Married Filing Jointly or Qualifying Widow(er) - $31,500

• Married Filing Separately - $15,750

• Head of Household - $23,625

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Earned Income Credit

• Must have EARNED income

• Investment income limit: $11,950

• *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: $649

  • 1 qualifying child: $4,328

  • 2 qualifying children: $7,152

  • 3 or more qualifying children: $8,046

• Income Limits​

  • Single, Head of Household, or Widowed: $17,640​

  • Married Filing Jointly: $24,210

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