What Is The Standard Deduction For 2024. Here are the standard deduction amounts set by the irs: Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โน 25,000 in.
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; Single or married filing separatelyโ$14,600.
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