2024 Standard Tax Deduction Amount . Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.
Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. Your standard deduction consists of the sum of the basic standard.
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Standard Deduction For 2024 Tax Year 2024 Ynez Conchita , In a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on tuesday increased the standard deduction limit from 50,000 to 75,000.
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2024 Standard Deduction Amount Dian Hortensia , And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of.