Standard Deduction 2024 Married Jointly

Standard Deduction 2024 Married Jointly. Your average tax rate is 10.94% and your. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).