2024 Standard Tax Deduction Married Jointly 2024

2024 Standard Tax Deduction Married Jointly 2024. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

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. The additional standard deduction for the aged or the blind will be $1,550.