2024 Standard Tax Deduction Chart 2024 . $14,600 for married couples filing. 1,50,000 12 is the aggregate of the deduction that may be claimed under sections 80c, 80ccc and 80ccd.
Each year, the irs adjusts the standard deduction, tax brackets, and other tax breaks to compensate for inflation. Here are the standard deduction amounts set by the irs:
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