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2024 Tax Rates And Deductions For Seniors

2024 Tax Rates And Deductions For Seniors. These are not the tax rates and other numbers for 2023 (you'll find the official. The new tax regime, introduced in the union budget 2020, offers lower tax rates but fewer deductions.


2024 Tax Rates And Deductions For Seniors

It is essential to remember that rates under the old tax regime are different for various ‘age groups’ as per individuals under 60, senior citizens above 60 to. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).

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