New Standard Deduction For 2025

New Standard Deduction For 2025. 75,000 in the new tax regime. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2025, an increase of $750 from 2023;


New Standard Deduction For 2025

Old regime’s deduction limit remains rs. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โ‚น 25,000 in the new tax regime while.

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