2024 Standard Tax Deduction Married Filing Jointly

2024 Standard Tax Deduction Married Filing Jointly. Have worked and earned income under $63,398. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.

The standard deduction is cut nearly in half for most taxpayers. 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.