Standard Deduction 2024 Married Jointly 65

Standard Deduction 2024 Married Jointly 65.  — for 2023, the federal standard deduction for single filers was $13,850, for married filing jointly it was $27,700 and for the head of household filers, it increased to. You deduct an amount from your income before you calculate taxes.

 — the standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The other ~10% itemize deductions when their total deductions exceed the standard deduction.