Income Tax Standard Deduction 2024. Changes in capital gains tax rates and withdrawal of indexation will impact investors, especially in real estate and securities. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
Nris will be subject to a withholding tax of 20% or the rate specified in applicable tax treaties,. This year’s budget has made things even better by increasing the standard deduction and widening the tax slabs.