2024 Standard Tax Deduction Married Jointly Married Filing

2024 Standard Tax Deduction Married Jointly Married Filing. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married. The amt exemption amount for 2024 is $85,700 for singles and $133,300 for married couples filing jointly (table 3).

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. Income tax budget 2024 live update: