2024 Standard Deduction Married Joint Benefit. Single filers are taxed at the lowest marginal tax rate of. For 2023 returns filed in 2024, the standard deduction for those married filing separately is $13,850, whereas the standard deduction for joint returns is double:

Income thresholds for tax brackets will increase by approximately 5.4% for 2024. The annual standard deduction is a static amount determined by congress.