Married Filing Joint 2024 Standard Deduction
Married Filing Joint 2024 Standard Deduction. You will pay 10 percent on taxable income up to $11,600, 12 percent on the amount over $11,600 to $47,150, and 22 percent above that (up to $100,525). The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.
The federal income tax has seven tax rates in 2024: The standard deduction for taxpayers who don’t itemize their deductions on schedule a (form 1040) is higher for 2023 than it was for 2022.