2024 Tax Rates And Standard Deduction

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2024 Tax Rates And Standard Deduction. Many of the tax benefits of owning a home require you to itemize your deductions, and some people may get a bigger tax break by taking the standard. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.


2024 Tax Rates And Standard Deduction

Get the latest updates on budget 2024 where the finance minister has revised income tax slabs under the new regime and increased the standard deduction The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

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