Standard Deduction Married Filing Jointly 202 2024

Standard Deduction Married Filing Jointly 202 2024. The irs released these brackets and income levels for 2024: This can lead to substantial tax savings.

For the tax year 2024, married couples filing jointly (those who are legally married and choose to file their taxes together) are eligible for a standard deduction of $29,200. 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.