Standard Tax Deduction 2024 Married
Standard Tax Deduction 2024 Married. Here are the standard deduction amounts set by the irs: For example, if you itemized last year and your itemizations this year will be less than the higher $29,200 standard deduction for married couples, or $14,600 for.
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. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.