How Much Is The Standard Deduction For 2024 Married Jointly. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. The top tax rate will remain at 37% for married couples.
Suppose you’re married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains. That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece.
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