2024 Tax Rates And Standard Deduction For Single. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household. Seniors over age 65 may claim an additional standard deduction.
The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual. Seniors over age 65 may claim an additional standard deduction.
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