Standard Deduction 2024 Married Jointly. Seniors over age 65 may claim an additional standard deduction. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).

For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for. Single filers are taxed at the lowest marginal tax rate of.