Married Filing Joint 2024 Standard Deduction. The standard deduction is a set amount that you can deduct from your income before you are taxed. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

Page last reviewed or updated: A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay.