2024 Standard Tax Deduction Married Jointly Married
2024 Standard Tax Deduction Married Jointly Married. The 2024 standard deduction for married filing jointly is $29,200. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2023.
The 2024 standard deduction for married filing jointly is $29,200. Married individuals filing jointly get double that allowance, with a standard deduction of $27,700 in 2023 and $29,200 in 2024.
The 2024 Standard Deduction For Qualifying Surviving Spouse Is $29,200.
The standard deduction for 2024 will rise to $29,200 for married couples filing jointly and to $14,600 for single filers.
Married Filing Jointly *** Under 65 (Both Spouses) $27,700:
2024 additional standard deduction amounts:
Find The Current Tax Rates For Other Filing Statuses.
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Hereโs How That Works For A Single Person Earning $58,000 Per Year:
The standard deduction for married couples filing jointly for tax year 2024 will rise to $29,200, an increase of $1,500 from tax year 2023.