Standard Tax Deduction 2024 Married Jointly Married Filing

Standard Tax Deduction 2024 Married Jointly Married Filing. The standard deduction rises to $29,200 for married couples filing a joint tax return, which is an increase of $1,500 from tax year 2023; 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.

For the 2024 tax year, the standard deduction is $29,200 for married couples who file jointly and $14,600 for both. For example, just because a married couple files a joint return with $100,000 of taxable income in 2024 and their total taxable income.