How Much Is Standard Deduction For 2024 Taxes. Standard deductions 2024 tax year lidia ottilie, for the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing. California exempted tips from state tax (with some conditions) in 2015.

The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs. The budget has widened two income tax slabs and increased the standard deduction from rs.50,000 to rs.75,000 under the new regime.