Standard Tax Deduction 2024 Married Jointly Meaning. For example, the irs standard deduction 2024 for married couples filing jointly is $29, 200 so they can deduct this amount to reduce their taxable income from federal tax. The standard deduction rises to $29,200 for married couples filing a joint tax return, which is an increase of $1,500 from tax year 2023;
The standard deduction for single filers increases to $14,600, while married couples filing jointly will see it rise to $29,200 in 2024. The standard deduction rises to $29,200 for married couples filing a joint tax return, which is an increase of $1,500 from tax year 2023;