2024 Tax Bracket And Standard Deduction. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The slab rates in the new tax regime have been changed.

From april 1, 2024, the new tax regime allows standard deduction of rs 75,000 from salary and pension income and section 80ccd (2) deduction up to 14% on basic salary for. The irs in november unveiled the federal.