Standard Deduction For 2024 Married Joint Account . Those limits reflect an increase of $500 over the 2023. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
The biden budget proposal called for increasing the top marginal rate on ordinary income to 39.6% from 37%. In total, a married couple 65 or older would have a standard deduction of $32,300.
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