Standard Deduction 2024 Head Of Household If Married

Standard Deduction 2024 Head Of Household If Married. Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of. When you are looking at the federal tax brackets, you are able to determine which tax rate applies to you for the current tax.

If you’re married, filing, jointly or separately, the extra standard. Here’s how that works for a single person with taxable income of $58,000 per year: