2024 Standard Deduction Married Couples

2024 Standard Deduction Married Couples. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. The standard deduction is the dollar amount that reduces the amount of income on which you are taxed.


2024 Standard Deduction Married Couples

For single filers, it will increase by $750 to $14,600. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.

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