Standard Deduction For 2024 Tax Year Married Jointly. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The amount, set by the irs, could vary by tax year and filing.

Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of household, an increase of $1,100. The standard deduction rises to $29,200 for married couples filing a joint tax return, which is an increase of $1,500 from tax year 2023;