November 17, 2024

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Standard Deduction 2024 Married Jointly

Standard Deduction 2024 Married Jointly. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. Here’s what to know about the standard deduction in taxes.


Standard Deduction 2024 Married Jointly

For the tax year 2024, married couples filing jointly (those who are legally married and choose to file their taxes together) are eligible for a standard deduction of $29,200. For couples who file jointly, that standard deduction will be $30,000 for 2025, an $800 jump from the year prior.

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