024 Standard Tax Deduction Married Jointly. The deduction set by the irs for the 2024 tax year is as follows: The deduction set by the irs for the 2024 tax year is as follows:
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. [* section 103(a) of the jobs and growth tax relief reconciliation act of 2003 (p.l.