What Is Standard Tax Deduction For 2024 Married Jointly. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.
Irs provides tax inflation adjustments for tax year 2024. 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.
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