Irs Standard Deduction 2024 Married. For single taxpayers and married. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200,.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay.