What Is The Standard Deduction For 2024 Married Filing Jointly. The standard deduction for 2024 is: The standard deduction is the fixed amount the irs allows you to deduct from your annual income even if you don’t itemize your tax return.
The standard deduction is the fixed amount the irs allows you to deduct from your annual income even if you don’t itemize your tax return. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.
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