Standard Tax Deduction 2024 Married . — the tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. — for 2024, the standard deduction is $1,550 more than the deduction available to those younger than 65.
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. The federal standard deduction for a married (joint) filer in 2024 is $ 29,200.00.
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