Standard Deduction For 2024 Filing Jointly. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married.
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. Finance minister to present budget on july 23.