Standard Tax Deduction 2024 . Key changes include raising the standard deduction for salaried employees from ₹50,000 to ₹75,000 and. The amount of the standard deduction is as follows:
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. An average family of 4 will pay the equivalent of 9 weeks worth of groceries in higher taxes if the trump tax cuts expire.
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