Income Tax 2024 Standard Deduction . Refer examples & tax slabs for easy calculation. Seniors over age 65 may claim.
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. From hiking the standard deduction limit to tweaking the income tax slabs, the taxpayers want budget 2024 to introduce measures that will ease their financial burden.
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