Riva Verine

Standard Deduction 2024 Single Dependent. The standard deduction is a fixed amount you can deduct from your taxable income that is adjusted every year to keep up with inflation. Nirmala sitharaman on tuesday announced that the standard deduction limit.

It’s $3,100 per qualifying individual if you are. Standard deduction for salaried class increased from 50,000 to 75,000 in a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on.