Standard Tax Deduction 2024 Married Jointly Over 65. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The standard deduction for married couples filing jointly was $29,200 in 2024, while heads of household saw a $21,900 standard deduction in 2024.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). This higher deduction helps to offset some of.