Standard Tax Deduction 2024 Married Jointly Single

The standard deduction for 2024 varies depending on filing status. 10% on the first $11,600.

10% on the first $11,600. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).

For Single Taxpayers And Married Individuals Filing Separately, The Standard Deduction Rises To $14,600 For 2024, An Increase Of $750 From 2023;

Use this worksheet to figure the amount of your projected withholding for 2024, compare it to your projected tax for 2024, and, if necessary, figure any adjustment to the amount.

If You Are 65 Or Older Or Blind, You Can Claim An Additional Standard Deduction.

For single filers and married individuals filing.

Images References :

Find The Current Tax Rates For Other Filing Statuses.

Here’s how that works for a single person earning $58,000 per year:

Married Individuals Filing Jointly Get Double That Allowance, With A Standard Deduction Of $29,200 In 2024.

$27,700 (up from $25,900 in 2022) single taxpayers.