Unveiling Taxation: A Journey with Tax Geek Squad Division

Unlock Your Tax Season Success with Tax Geek Squad Division.

A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible.

What's new for standard tax deductions in 2024?

The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly. That's an increase of $1,500 from the previous tax year. The standard deduction for single taxpayers has been raised to $14,600, up from $13,850 in 2023