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.
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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