2024 Standard Tax Deduction Married Jointly Married Filing. For married couples filing jointly, the standard deduction is $25,900 in 2023 and 2024 the standard deduction is a set amount that you can deduct from your income. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).

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 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.