Standard Deduction For 2024 Married Joint

Standard Deduction For 2024 Married Joint. There will also be changes for the standard deduction for the 2024 tax year, the agency said. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550.

If you can claim the standard deduction, your basic standard deduction is half the amount allowed on a joint return. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows.