2024 Standard Tax Deduction Chart 2024. Lowest rates shown include the auto debit. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.

The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse). For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of.