What Is The Standard Deduction For 2024 Taxes

What Is The Standard Deduction For 2024 Taxes. Similarly, the deduction available for family pension is also proposed to be increased from rs 15,000 to rs 25,000. It’s the simplest way to reduce your taxable income on your tax.

Here’s a quick overview of what the standard deduction is, which taxpayers it works best for, and the standard deduction amounts for tax years 2023 and 2024. Similarly, the deduction available for family pension is also proposed to be increased from rs 15,000 to rs 25,000.