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Get your taxes done using TurboTax
No.
The standard deduction for 2024 increased a little (5.4%) from 2023, but didn't double.
For a married couple filing jointly, the standard deduction for tax year 2024 is $29,200. For 2023, it was $27.700.
For 2024, the additional standard deduction for a blind taxpayer—i.e. a taxpayer whose vision is less than 20/200— and for a taxpayer who is age 65 or older at the end of the year is for each instance:
- $1,550 for married individuals; and
- $1,950 for singles and heads of household.
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March 17, 2025
3:54 AM