Standard Deduction 2024 Married Filing Jointly. The 2023 standard deduction was $13,850 for single filers and those married filing separately, $27,700 for those married filing jointly, and $20,800 for heads of household. 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.

In 2024, the excess taxable income above which the 28% tax rate applies will likely be $116,300 for married taxpayers filing separate returns and $232,600 for all. The standard deduction rose in 2024.