Standard Deduction 2024 Married Filing Jointly Over 65

Standard Deduction 2024 Married Filing Jointly Over 65. The standard deduction for married couples filing jointly for tax year 2024 will rise to $29,200, an increase of $1,500 from tax year 2023. A bracket creep occurs when inflation, rather than actual increases in income, pushes people into higher income tax brackets and reduces their ability to take.

A bracket creep occurs when inflation, rather than actual increases in income, pushes people into higher income tax brackets and reduces their ability to take. For the 2023 tax year, dependents can.