What Is The Standard Deduction For 2024 Joint. Section 63(c)(2) provides the standard deduction for use in filing individual income tax returns. 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 heads of household.

As your income goes up, the tax rate on the next layer of. For taxpayers who are married and filing jointly, the standard deduction for the 2024 tax year was increased to $29,200, up $1,500 from 2023.