Standard Tax Deduction 2024 Married. The amount is adjusted for inflation each year, and varies based on the taxpayers filing status (single, married filing jointly, married filing separately, or head of household), age. A married couple filing their 2024 tax return jointly with an adjusted gross income of $125,000 is entitled to a standard deduction of $29,200.
For example, the irs standard deduction 2024 for married couples filing jointly is $29, 200 so they can deduct this amount to reduce their taxable income from federal tax. How to file your taxes:
Standard Tax Deduction 2024 Married Images References :