Standard Deduction 2024 Married Filing Joint

Standard Deduction 2024 Married Filing Joint. The standard deduction for married couples filing jointly for tax year 2024 will rise to $29,200, an increase of $1,500 from tax year 2023. Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of household, an increase of.

You can check the appropriate boxes for your spouse if your filing status is married filing separately and your spouse had no income, isn’t filing a return, and can’t be claimed as. The tax rate for couples (joint filing) earning under $450k will be preserved the tax rate for individuals (single filing) earning under $400k will be preserved however, with that in.