How Much Is The Standard Deduction For 2024 Married Jointly. 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). Married individuals filing jointly get double that allowance, with a standard deduction of $29,200 in 2024.
For married couples who file jointly, it will grow $1,500 to $29,200. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday.
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