Standard Tax Deduction 2024 Married Jointly For Senior Citizens. A married couple filing their 2023 tax return jointly with an adjusted gross income of $125,000 is entitled to a standard deduction of. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction.
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