How Much Is The Standard Deduction For 2024 Tax Return

How Much Is The Standard Deduction For 2024 Tax Return. Also, standard deduction limit for. 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.

Barring any legislative action before january 2026, the rates will automatically return to their pre. A) basic exemption limit of rs 3 lakh is applicable to all taxpayers irrespective of age.