Standard Deduction 2024 Married Jointly

Standard Deduction 2024 Married Jointly. The standard deduction is a flat amount that reduces your taxable income and potentially your tax bill. You expect to file a joint income tax return.

Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023,. Your standard deduction is limited when someone else claims you as a dependent on their tax return.