2024 Standard Deduction Married Joint. Taxpayers 65 and older and those who are blind can claim an additional standard deduction. Married filing jointly or qualifying surviving spouse.
For taxable years beginning in 2024, the additional standard deduction amount under § 63 (f) for the aged or the blind is $1,550. Those who are married but file separate returns cannot claim this deduction.
The Standard Deduction Is Provided To Offer Relief To Salaried Individuals From The Tax Burden.
And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023.
For The Tax Year 2024, The Top Tax Rate Is 37% For Individual Single Taxpayers With Incomes Greater Than $609,350 ($731,200 For Married Couples Filing Jointly).
That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece.
If Your Yearly Salary Is $120,000, You Can Use The Mortgage Interest.
Images References :
Find The Current Tax Rates For Other Filing Statuses.
Annual inflation adjustments for ty 2023 and 2024.
Skip To Main Content Skip To Primary Sidebar
The standard deduction for single filers and for married people who file separate returns rises to $14,600, up $750 from 2023;
Those Who Are Married But File Separate Returns Cannot Claim This Deduction.