What Is Standard Tax Deduction For 2024 Income Tax. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. While sitharaman proposed an increase in standard deduction by โน 25,000 and a change in tax structure under the new regime, those filing.
Also, standard deduction limit for. The standard deduction is increasing to $29,200 for married couples filing.
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