Standard Tax Deduction 2024 Married Jointly. For example, the irs standard deduction 2024 for married couples filing jointly is $29, 200 so they can deduct this amount to reduce their taxable income from federal tax. Learn how the standard deduction works and how much you can claim if you file your taxes as married filing jointly in 2024.
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. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples.
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