Standard Tax Deduction 2024 Married Jointly And. 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. There are seven federal tax brackets for tax year.
— married couples can boost their standard deduction by $1,950 if one of them is over 65 and by $3,900 if both are 65 or older. — 2024 standard deduction for married filing jointly.