What Is The Standard Deduction For 2024 Taxes Married Filing Jointly

What Is The Standard Deduction For 2024 Taxes Married Filing Jointly. For tax year 2024, the standard deduction is $14,600 if you file as single or married filing separately. For 2024 (taxes filed in 2025), the standard deduction rises to $29,200 for married couples filing jointly.

The deduction set by the irs for the 2024 tax year is as follows: The 2023 standard deduction was $13,850 for single filers and those married filing separately, $27,700 for those married filing jointly, and $20,800 for heads of household.