Standard Tax Deduction 2024 Married

Standard Tax Deduction 2024 Married. 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. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.

Include wages, tips, commission, income earned from interest, dividends,. See all standard deductions by year and legislative history.