2024 Tax Rates And Standard Deduction . Income tax slabs relaxed from incomes up to rs 10 lakh. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).
The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. Seniors over age 65 may claim.
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