2024 Standard Tax Deduction Married Jointly For Senior Citizens

2024 Standard Tax Deduction Married Jointly For Senior Citizens. Super senior citizens (80 years and above) earning an annual income up to inr 5 lakh are exempted. That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece.

Understanding the income tax slab rates and available deductions can significantly affect tax planning and overall financial health. This guide details the income.