What Is The Standard Deduction For 2024 Joint Income

What Is The Standard Deduction For 2024 Joint Income. For single taxpayers and married. The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year.

The standard deduction for single. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.