Standard Deduction For 2024 Married Joint Income. The annual standard deduction is a static amount determined by congress. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples filing jointly and.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. For example, assume a hypothetical taxpayer who is married with $150,000 of joint income in 2024 and claiming the standard deduction of $29,200.