Standard Tax Deduction 2024 Married Jointly. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. 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 the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples. A married couple filing their 2024 tax return jointly with an adjusted gross income of $125,000 is entitled to a standard deduction of $29,200.