Standard Deduction 2024 Married Filing Single. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. People 65 or older may be eligible for a higher amount.

You are an individual who was a. 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.