2024 Irs Std Ded. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.also, standard deduction limit for. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
Bloomberg tax & accounting released its 2024 projected u.s. The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household.