Nike Tawsha

Standard Deduction For 2024 Married Joint Partner. In total, a married couple 65 or older would have a standard deduction of $32,300. The top tax rate will remain at 37% for married couples filing jointly, however the income bracket has increased from $693,750 in 2023 to $731,200 in 2024.

In 2024, the standard deduction for married couples filing jointly is $29,200, nearly double the $14,600 standard deduction for single filers. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;