What Is The Standard Deduction For 2024 Taxes. Standard deduction amounts the standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. How much is the standard deduction for 2024?

As opposed to rs.50,000 before. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes.