Standard Tax Deduction 2024 Married Jointly 2024

Standard Tax Deduction 2024 Married Jointly 2024. If a hypothetical couple with an adjusted gross income (agi) of $129,200 takes the married filing jointly 2024 standard. 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.

The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700 if. These amounts are provided in the.