Standard Deduction 2024 Filing Jointly. 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. How does the standard deduction work?

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). The 2024 standard deduction for couples married filing jointly is $ $29,200 (up $1,500 from tax year 2023).