2024 Tax Brackets And Standard Deductions Married Jointly . The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. When you are looking at the federal tax brackets, you are able to determine which tax rate applies to you for the current tax.
The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. Your bracket depends on your taxable income and filing status.
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