How Much Is The Standard Deduction For 2024. What is the standard deduction for 2024? These amounts are provided in the.
For ya 2023, it’s important to note that the tax rates have been amended under budget 2023, with a reduction of 2% for those who fall under the m40 income group, and an. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.