Standard Deduction For 2024 Tax Return. Discover the standard deduction for salaried individuals under both the new and old tax regimes. Also, standard deduction limit for family.
Most people claim the standard deduction on their federal tax return instead of itemizing deductions. 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 heads of.
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