How Much Is The Standard Deduction For 2024. Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000. Budget 2024 has made changes in the deductions in the new tax regime.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for.
