Standard Deduction 2024 Tax Year . The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The standard deduction in 2024 is $14,600 for individuals, $29,200 for joint filers, and $21,900 for heads of households.
Last time, the standard deduction was hiked to rs 50,000 in interim budget 2019 (effective from april 1, 2019). Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024.
Standard Deduction 2024 Tax Year Images References :
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