2024 Standard Deduction Married Filing Joint Benefit

2024 Standard Deduction Married Filing Joint Benefit. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024. The 2024 standard deduction will be 5.4% higher than it is for 2023.

Itemized deductions married filing jointly vs. Those filing jointly are also eligible for a larger standard deduction amount, which when combined with the above credits could equal a better tax benefit.