What Is The New Standard Deduction For 2024

What Is The New Standard Deduction For 2024. For 2024, the additional standard deduction amount for the aged or the blind is $1,550. The standard deduction under the new income tax regime has been hiked from rs 50,000 to rs 75,000.


What Is The New Standard Deduction For 2024

Finance minister nirmala sitharaman revamped income tax slabs under the new regime in union budget 2024 in a bid to make it more attractive. Individual taxes hereโ€™s how the tcja has affected individual taxpayers:

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