How Much Is Standard Deduction For 2024 Taxes

How Much Is Standard Deduction For 2024 Taxes. The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime.  โ€” for 2024, the baseline amount for those claimed as a dependent, increases to $1,300 and the standard deduction increase to $14,600 for those filing as single.


How Much Is Standard Deduction For 2024 Taxes

Your standard deduction depends on your filing status, age and whether a taxpayer is blind.  โ€” 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.

How Much Is Standard Deduction For 2024 Taxes Images References :

Back To Top