How Much Is The Standard Deduction For 2024. The standard deduction under the new income tax regime has been hiked from rs 50,000 to rs 75,000. On top of these exemptions, a standard deduction of 50,000 is available in both old and new regimes.


How Much Is The Standard Deduction For 2024

The standard deduction is $14,600 for single or married. Find out the amounts for 2023 and 2024 tax years, and the benefits for people over 65.

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