2024 Standard Deductions And Tax Brackets Married Jointly. You pay tax as a percentage of your income in layers called tax brackets. A married couple filing their 2023 tax return jointly with an adjusted gross income of $125,000 is entitled to a standard deduction of $27,700.
For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately; 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.