Standard Deduction For 2024 Married Jointly. The standard deduction is a flat amount that reduces your taxable income and potentially your tax bill. The top tax rate will remain at 37% for married couples.

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married. The additional standard deduction for the aged or the blind will be $1,550.