2024 Standard Tax Deduction Married Jointly Over 65

2024 Standard Tax Deduction Married Jointly Over 65. As your income goes up, the tax rate on the next layer of income. 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.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. As your income goes up, the tax rate on the next layer of income.