What Is The Standard Deduction For 2024 Mfj. The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household. Single or married filing separately—$14,600.
2024 standard deduction mfj over 65 camala claudia, for married couples filing jointly, the standard tax deduction is a commonly used deduction that can reduce your taxable income. When your income jumps to a higher tax bracket, you don’t pay the higher rate on your entire income.