Standard Deduction 2024 Mfj Under 80c. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. Read to know about subsections of 80c.
Section 80c of the income tax act is the most popular income tax deduction for tax saving. Section 80c allows for a deduction of up to rs.1.5 lakh every year from an investor’s total taxable income.