Standard Deduction 2024 Married Filing Joint

Standard Deduction 2024 Married Filing Joint. 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 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;

The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. Higher standard deduction for taxpayers under new tax regime standard deduction for employees opting for new tax regime has increased from ₹50,000 to.