Married Filing Jointly Tax Deduction 2024
Married Filing Jointly Tax Deduction 2024. As the new tax year approaches, it's essential for married couples to be aware of the latest tax brackets for married filing jointly in 2023 and 2024. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).
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. 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.