2024 Standard Deduction Married Joint Senior. For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600. Married filing jointly or qualifying surviving spouse—$27,700.
Taxpayers 65 and older and those who are blind can claim an additional standard deduction. The additional standard deduction for the aged or the blind will be $1,550.
I Am 42 Years Old, Working In A Psu Bank For 11 Years.
The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.
Here’s How That Works For A Single Person Earning $58,000 Per Year:
The 2023 standard deduction amounts will be adjusted to:
Senior Standard Deduction 2024 Norry Antonina, 2023 Tax Rates For Other Filers.
Images References :
$20,800 For Head Of Household Filers;
Find the current tax rates for other filing statuses.
[* Section 103 (A) Of The Jobs And Growth Tax Relief Reconciliation Act Of 2003 (P.l.
The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.