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Income Tax Standard Deduction 2024 Elections
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Income Tax Standard Deduction 2024 Elections. One key expectation is a potential increase in the standard deduction limit, currently set at rs 50,000. Standard deduction and personal exemptions.
The irs released the 2024 standard deduction amounts for returns normally filed in april 2025. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;
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