Standard Tax Deduction 2024 Married Jointly 2024. The additional standard deduction amount will increase to $1,950 if the individual is. 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.

The standard deduction is a set amount that you can deduct from your income before you are taxed. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.