New Tax Regime 2024 Standard Deduction For Seniors. Under the new tax regime, senior citizens can claim a maximum deduction of rs 50,000 under section 80d for health insurance premiums. Am i eligible for rs.
Taxpayers who are 65 and older, or are blind, are eligible for an additional standard deduction. Each joint filer 65 and over can increase the standard deduction by $1,550 apiece, ๏ปฟfor a total of $3,100 if.