2024 2024 Amount. The amount of the 2024 pfd was calculated by utilizing the amount available for distribution from the permanent fund earnings account and dividing it by the number of. Most people claim the standard deduction on their federal tax return instead of itemizing deductions.

Here’s a look at the projected numbers for the tax year 2024, beginning jan. The additional standard deduction amount increases to $1,950 for unmarried taxpayers.