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2024 Single Standard Deduction Amount
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2024 Single Standard Deduction Amount. Single or married filing separately—$14,600. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.also, standard deduction limit for family.
Most taxpayers pay a maximum 15% rate, but a 20% tax rate applies to the extent that. For single filers and married individuals filing separately, it’s $13,850.
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