2024 Standard Tax Deduction Amount 2024. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse). Calculate exempt portion of hra, by using this hra calculator.
Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. The proposed tax measures include: