2024 Standard Tax Deduction Married Jointly Synonym. For the tax year 2024, married couples filing jointly (those who are legally married and choose to file their taxes together) are eligible for 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.
If you are age 65 or. Suppose youโre married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains.
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