Standard Deduction 2024 Head Of Household Deduction. Income between rs 5 lakh and rs 10 lakh is taxed at 20%, with a rs 12,500 base amount. The head of household filing status allows you to choose the standard deduction even if your spouse chooses to itemize deductions.

If you expect to claim the standard deduction on your 2024 tax return, enter the amount on line 2a. If you’re single, you’re married and filing separately or you’re the head of household, your standard deduction amount can increase by $1,850.