2024 Tax Tables And Standard Deductions Married Filing

2024 Tax Tables And Standard Deductions Married Filing. Fm sitharaman hiked the standard deduction by 50% to ₹ 75,000 and tweaked tax slabs under the new income tax regime. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married.

Standard deduction projected 2024 standard deduction by filing status. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.