2024 Tax Rates And Standard Deduction For Married

2024 Tax Rates And Standard Deduction For Married. The 2023 standard deduction was $13,850 for single filers and those married filing separately, $27,700 for those married filing jointly, and $20,800 for heads of. 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.


2024 Tax Rates And Standard Deduction For Married

You pay tax as a percentage of your income in layers called tax brackets. Below, cnbc select breaks down the updated tax brackets for 2024 and.

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