Standard Deduction For Married Joint 2024. You can take an additional $1,550 standard deduction in 2024 ($1,500 in 2023) for each person who's 65 or older, or blind. [* section 103(a) of the jobs and growth tax relief reconciliation act of 2003 (p.l.
2023 tax rates for other filers. [* section 103(a) of the jobs and growth tax relief reconciliation act of 2003 (p.l.
Standard Deduction And Personal Exemption.
How much is the standard deduction for 2024?
$14,600 For Married Couples Filing.
For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600.
Standard Deduction For Married Joint 2024 Images References :
Projected 2024 Standard Deduction By Filing Status.
The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
Here Are The Standard Deduction Amounts Set By The Irs:
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.