Standard Tax Deduction 2024 Married Jointly

Standard Tax Deduction 2024 Married Jointly. 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; The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over.

How much is the standard deduction for 2024? Most retirement income is subject to state income tax in north carolina, but residents with a taxable income of $47,150 or less are exempt.