2024 Standard Tax Deduction Chart 2024

2024 Standard Tax Deduction Chart 2024. The top marginal income tax rate of 37 percent will hit. The difference between standard and itemized deductions, and what they mean.

The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;