Standard Tax Deduction 2024 Filing Jointly
Standard Tax Deduction 2024 Filing Jointly. That deduction applies to income earned in 2024, which is reported to the irs on. Standard deductionthe standard deduction reduces a taxpayer’s taxable income by a set amount determined by the government.
See the 2023 tax tables. For the tax year 2024, married couples filing jointly (those who are legally married and choose to file their taxes together) are eligible for a standard deduction of $29,200.