2024 Standard Tax Deduction Married Jointly Synonym

2024 Standard Tax Deduction Married Jointly Synonym. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200; Each year, the irs adjusts the standard deduction, tax brackets, and other tax breaks to compensate for inflation.

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The changes will be for income tax returns filed in 2025.