2024 Standard Tax Deduction Married Jointly Welfare. $14,600 for single individuals and married individuals filing. An announcement from the irs reads, “the standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023.

The standard deduction for 2024 is: Suppose you’re married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains.