Standard Deduction 2024 . And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.
$14,600 for married couples filing. The standard deduction of rs 50,000 is a flat deduction available under both the old and new tax regimes, to individuals earning salary and.
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