2024 Standard Deduction Married Joint Benefit. This higher deduction lowers your taxable income, potentially placing you in a lower tax bracket and. Those who are married but file separate returns cannot claim this deduction.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.