Income Tax Standard Deduction 2024 Married Filing Jointly

Income Tax Standard Deduction 2024 Married Filing Jointly. The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. For tax year 2024, the standard deduction is $14,600 if you file as single or married filing separately.

The agency has boosted the income thresholds for each. A married couple filing jointly with a combined income of $50,000 per year would see a bigger tax increase from the expiration of the tcja, on a percentage basis,.