MinhT1
Expert Alumni

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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