Standard Tax Deduction 2024

Standard Tax Deduction 2024. Taxpayers under the new tax regime stand to gain from increased standard deduction limit to ₹ 75,000.  — the tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.


Standard Tax Deduction 2024

 — finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the.

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