Standard Tax Deduction 2024 Married Jointly Vs Separately. For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600. Single filers are taxed at the lowest marginal tax rate of.
The most obvious scenario is if one spouse will be working and the other will not. Your standard deduction is limited when someone else claims you as a dependent on their tax return.
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