Married Filing Jointly Tax Deduction 2024. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700). The standard deduction amounts for 2023 tax returns (those filed in 2024) are:
For example, just because a married couple files a joint return with $100,000 of taxable income in 2024 and their total taxable income falls within the 22%. You are married but filing separate tax returns and your spouse itemizes deductions.