Standard Deduction For 2024-25 202425 Married Filing Jointly

Standard Deduction For 2024-25 202425 Married Filing Jointly. Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of household, an increase of $1,100. In budget 2023, rebate under new regime has been increased to rs.

Standard deduction and personal exemption. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;