Income Tax Standard Deduction 2024

Income Tax Standard Deduction 2024. Regime, taxpayers have the option to claim various tax deductions and exemptions. For 2024, the standard deduction is $29,200 for married couples filing jointly, $14,600 for single filers, and $21,900 for heads of households.


Income Tax Standard Deduction 2024

Taxpayers under the new regime can now claim ₹75,000 as a standard deduction, compared to ₹50,000 in the old. For 2024, the standard deduction is $29,200 for married couples filing jointly, $14,600 for single filers, and $21,900 for heads of households.

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