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2024 Standard Deductions And Tax Rates

2024 Standard Deductions And Tax Rates. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.


2024 Standard Deductions And Tax Rates

The standard deduction for salaried employees, enrolled under the next tax regime, too, has been increased to โ‚น75,000 from the current. In 2023 and 2024, there are seven federal income tax rates and brackets:

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