Standard Deduction 2024 Mfj Under 80c

Standard Deduction 2024 Mfj Under 80c. Here's a look at the projected numbers for the tax year 2024, beginning jan. Under the new tax regime, individuals with an income of rs 7 lakh or less pay zero tax.

The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).