Standard Deduction 2024 Married Jointly 65 And Above

Standard Deduction 2024 Married Jointly 65 And Above. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. In tax year 2024, the standard deductions are as follows:

If you are 65 or older and blind, the extra standard deduction is: Section 63 (c) (2) of the code provides the standard deduction for use in filing individual income tax returns.