Standard Tax Deduction 2024 Married Jointly. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married. Find the current tax rates for other filing statuses.
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. For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600.
The Standard Deduction For Couples Filing Jointly Will Be $29,200, Up $1,500 From 2023;
Use this worksheet to figure the amount of your projected withholding for 2024, compare it to your projected tax for 2024, and, if necessary, figure any adjustment to the amount.
2023 Tax Rates For Other Filers.
Find the current tax rates for other filing statuses.
Standard Tax Deduction 2024 Married Jointly Images References :
These Amounts Are Provided In The Chart Below.
For single taxpayers, the 2024 standard deduction is $14,600, up $750 from 2023;
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).
Hereโs how that works for a single person earning $58,000 per year: