Standard Deduction 2024 Married Jointly. 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. If you're married filing jointly or separately, the extra standard.
The standard deduction for married couples filing jointly for tax year 2024 will rise to $29,200, an increase of $1,500 from tax year 2023. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.
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