2024 Standard Deduction Single. Seniors over age 65 may claim an additional standard deduction. Family pensioners also get benefit of standard deduction of rs 15,000.
For single filers, the standard deduction for 2024 will be $14,600, up from $13,850 this year. From revision in the income tax regime to a hike in standard deduction, finance minister nirmala sitharaman announced several changes.