Standard Deduction For 2024 Tax Year Married Jointly . For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; For the 2024 year, the standard deduction for married couples filing jointly will rise to $29,200, an increase of $1,500 from tax year 2023, according to the irs.
The deduction set by the irs for the 2024 tax year is as follows: For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.
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