Standard Deduction 2024 . This enhanced deduction is now available to individual taxpayers receiving family pensions. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โน 25,000 in.
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; This enhanced deduction is now available to individual taxpayers receiving family pensions.
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