How Much Is Standard Deduction For 2024 Taxes

How Much Is Standard Deduction For 2024 Taxes. Standard deduction in the new tax regime will be increased from rs 50,000 to rs 75,000, finance minister nirmala sitharaman said tuesday as she announced the. 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.

Use online income tax calculator available at groww to. Most people claim the standard deduction on their federal tax return instead of itemizing deductions.