Standard Tax Deduction 2024 Married Jointly And. See all standard deductions by year and legislative history. 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.

In 2024, the standard deduction will be $750 higher for most single filers and $1,500 higher for most married couples filing jointly. This amount varies depending on your filing status.