What Is Standard Tax Deduction For 2024. How much is the standard deduction for 2024? Further tweaks in the current fiscal and.


What Is Standard Tax Deduction For 2024

Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.

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