State Tax Deduction 2024 Married Filing Jointly

State Tax Deduction 2024 Married Filing Jointly. As the new tax year approaches, it's essential for married couples to be aware of the latest tax brackets for married filing jointly in 2023 and 2024. The child tax credit is reduced.

For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for heads of households, the standard deduction will be $19,400 for tax year 2022, up $600. Married and filing jointly typically can net you a bigger standard deduction, reducing your taxable income—$27,700 for most couples under age 65 in 2023, jumping up to.