Income Tax Standard Deduction 2024. Changes in new tax regime. Fm sitharaman hiked the standard deduction by 50% to ₹ 75,000 and tweaked tax slabs under the new income tax regime.


Income Tax Standard Deduction 2024

The deduction set by the irs for the 2024 tax year is as follows: Some are pushing for expensive steps — like allowing americans to fully deduct state and local taxes from their federal tax bill.

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