Standard Deduction For 2024 And 2024 Married Jointly. You can't make a roth ira contribution if your modified agi is. 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 household.

The irs released these brackets and income levels for 2024: The standard deduction for married couples filing jointly for tax year 2024 will rise to $29,200, an increase of $1,500 from tax year 2023.