Standard Tax Deduction 2024. An announcement from the irs reads, “the standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. The minnesota department of revenue announced the adjusted 2025 individual income tax brackets.
Find the new rates and information on extra benefits for people over 65. The federal income tax has seven tax rates in 2024: