2024 Standard Tax Deduction Married Jointly Distributed

2024 Standard Tax Deduction Married Jointly Distributed. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. Seniors over age 65 may claim an additional standard deduction of $1,950 for.

In the tax year 2024, the standard deduction for married couples filing jointly has increased to $29,200, reflecting a $1,500 rise from the 2023 tax year. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).