Standard Deduction 2024 Married Jointly Single. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. The additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly.
Standard Deduction 2024 Married Jointly Single Images References :