2024 Standard Deduction Married

2024 Standard Deduction Married. You will pay 10 percent on taxable income up to $11,600, 12 percent on the amount over $11,600 to $47,150, and 22 percent above that (up to $100,525). For the 2024 tax year, the standard deduction will increase by $750 for.

For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. The federal income tax has seven tax rates in 2024: