Standard Deduction 2024 Married Jointly. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. The standard deduction is the fixed amount the irs allows you to deduct from your annual income even if you.
Single or married filing separately—$14,600. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).