Standard Deduction 2024 Married Jointly. For 2023 federal income tax returns, i.e., normally due in april 2024, the standard deduction amounts are as follows: Page last reviewed or updated:
The 2024 standard deduction amounts are as follows: The standard deduction is the fixed amount the.
Standard Deduction And Personal Exemption.
People who are age 65.
Married Filing Jointly Or Qualifying Surviving Spouse.
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The Standard Deduction For 2024 Will Rise To $29,200 For Married Couples Filing Jointly And To $14,600 For Single Filers.
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Single Or Married Filing Separately:
The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.
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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.