What Is The Standard Deduction For 2024 Married Jointly. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. The amt exemption amount for 2024 is $85,700 for singles and $133,300 for married couples filing jointly (table 3).

For those filing head of household, the standard deduction will be $21,900 for tax year 2024 (up $1,100 from tax year. In 2024, the standard deduction for married couples filing jointly is set at $27,700, which allows couples to reduce their taxable income significantly.