Standard Deduction 2024. Standard deduction amounts the standard deduction amounts will increase to $14,600 for individuals and married couples. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows.

Determine her standard deduction in 2024 under the following scenarios. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000.