What Is The Standard Deduction For 2024

What Is The Standard Deduction For 2024. The standard deduction was hiked from rs 50,000 to rs 75,000. The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.


What Is The Standard 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.

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