Standard Deduction For 2024 Taxes

Standard Deduction For 2024 Taxes. How much is the standard deduction for 2024? The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.


Standard Deduction For 2024 Taxes

The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.

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