I thought the Standard Deduction for married filed jointly this year is $24,000...is it for the following year?

[DoninGA · Accepted solution]

The increase in the Standard Deduction starts in tax year 2018.

Standard deductions for 2017 

• Single - $6,350 add $1,550 if age 65 or older
• Married Filing Separately - $6,350 add $1,250 if age 65 or older
• Married Filing Jointly - $12,700 add $1,250 for each spouse age 65 or older
• Head of Household - $9,350 add $1,550 if age 65 or older