2024 Standard Tax Deduction For Seniors 2024 . Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married.
If you make $70,000 a year living in montana you will be taxed $11,256. The new standard deduction of rs 75,000 will be applicable under the new tax regime, while family pensioners will benefit from a higher deduction of rs 25,000.
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