Standard Tax Deduction 2024 Married Filing Jointly

Standard Tax Deduction 2024 Married Filing Jointly. Anyone who’s at least 65 years old or legally blind at the end of next year will be able to claim the following additional standard deduction amount for the 2024 tax year: The standard deduction is the fixed amount the irs allows.

For 2024, the standard deduction is $1,550 more than the deduction available to those younger than 65. 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.