What Is The Standard Deduction For 2024 Hoh. And $14,600 for all other taxpayers. 2024 new tax deductions jody rosina, standard deduction to be increased from rs 50,000 to rs 75,000 in the new tax regime.
You pay tax as a percentage of your income in layers called tax brackets. Tax year 2023 standard deduction amounts (filed in 2024) 2023 standard deduction amounts: