What Is The Standard Deduction For 2024. The top marginal tax rate in tax year 2024, will.  — standard deduction and personal exemption the standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023.  — the budget increased the standard deduction for salaried employees opting for the new tax regime from rs 50,000 to rs 75,000.