Standard Deduction For 2024 Tax Return . — the budget has widened two income tax slabs and increased the standard deduction from rs.50,000 to rs.75,000 under the new regime. Your standard deduction consists of the sum of the basic standard.
— the 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. Also, standard deduction limit for.
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