2024 Standard Deduction For Married Couples Over 55

2024 Standard Deduction For Married Couples Over 55. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household. For married couples, each spouse can exclude up to the limit for a total, for the 2023 tax year, of up to $200,000 and for 2024, up to $210,000.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. For couples who are earning over $470.7k, their tax rate will be 39.6%;