2024 Tax Brackets And Standard Deduction For Married Filing Jointly

2024 Tax Brackets And Standard Deduction For Married Filing Jointly. That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece. For 2024, the irs made adjustments to federal income tax brackets to account for inflation, including raising the standard deduction to $14,600 (up from $13,850) for single filers.

For 2024, the irs made adjustments to federal income tax brackets to account for inflation, including raising the standard deduction to $14,600 (up from $13,850) for single filers. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday.