2024 Single Standard Deduction Amount. For taxable years beginning in 2024, the additional standard deduction amount under § 63(f) for the aged or the blind is $1,550. 5 crore by more than the amount of income that.

If you closed on your mortgage after december 15, 2017, you can deduct interest paid on loan amounts up to $750,000 for single and joint tax filers and $375,000. From hiking the standard deduction limit in the new tax regime to tweaking tax slabs to simplifying capital gains tax — budget 2024 has changed a host of tax rules that.