2024 Standard Deductions And Tax Brackets Married Jointly. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024. As the new tax year approaches, it's essential for married couples to be aware of the latest tax brackets for married filing jointly in 2023 and 2024.

Income thresholds for tax brackets will increase by approximately 5.4% for 2024. The standard deduction for married couples filing jointly for tax year 2024 will rise to $29,200, an increase of $1,500 from tax year 2023.