Eddy Nerita

2024 Standard Tax Deduction Amount. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a. In a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on tuesday increased the standard deduction limit from 50,000 to 75,000.

You deduct an amount from your income before you calculate. 10%, 12%, 22%, 24%, 32%, 35%, and 37%.