New Standard Deduction For 2024 Married Filing Jointly. 2023 tax rates for other filers. 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.

If you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household. Although your magi exceeds the $250,000 threshold by $50,000, you will pay 3.8% in niit.