What Is The Standard Deduction For 2024 Income Tax

What Is The Standard Deduction For 2024 Income Tax. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; Repeal of the angel tax and equalization levy;

These changes will apply to 2024 income,. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000.