2024 Standard Tax Deduction Married Jointly Vs Separately

Here are the numbers for tax year 2024: For the 2023 tax year, the standard deduction for married couples filing jointly is $27,700, nearly double the $13,850 deduction for those filing separately.

New tax regime may see higher deduction limit. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;

The Standard Deduction Rose In 2024.

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.

Here’s How The Math Works:

It’s $29,200 if you’re a surviving spouse or.

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Here’s How That Works For A Single Person Earning $58,000 Per Year:

Couples may also qualify for increased tax.

New Tax Regime May See Higher Deduction Limit.

It’s $29,200 if you’re a surviving spouse or.