Standard Deduction For 2024 Tax Year Married Jointly

Standard Deduction For 2024 Tax Year Married Jointly. For tax year 2024, for example, the standard deduction for those filing as married filing jointly is $29,200. It was nearly doubled for all classes of filers by the 2017 tax cuts and jobs act ( tcja ) as.

Single or married filing separately (mfs) $14,600; It was nearly doubled for all classes of filers by the 2017 tax cuts and jobs act ( tcja ) as.