2024 Standard Tax Deduction Married Jointly And. A married couple filing their 2023 tax return jointly with an adjusted gross income of $125,000 is entitled to a standard deduction of $27,700. The additional standard deduction amount for an individual who is aged or blind is $1,550.
The additional standard deduction amount for an individual who is aged or blind is $1,550. 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).
Page Last Reviewed Or Updated:
A married couple filing their 2023 tax return jointly with an adjusted gross income of $125,000 is entitled to a standard deduction of $27,700.
Deduction On Family Pension Increased From Existing โน15,000 To โน25,000.
Married filing jointly or qualifying surviving spouse.
2024 Standard Tax Deduction Married Jointly And Images References :
The Standard Deduction For Married Couples Filing Jointly For Tax Year 2024 Will Rise To $29,200, An Increase Of $1,500 From Tax Year 2023.
Standard deduction for salaried individuals hiked for these taxpayers.
The Tax Brackets, Standard Deduction, And The Capital Gains Tax Cutoff Point For Single And Married Filing Jointly Filing Statuses Will Go Up In 2023.
The standard deduction rises to $29,200 for married couples filing a joint tax return, which is an increase of $1,500 from tax year 2023;