2024 Standard Deduction For Seniors. — the standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. — tenants can deduct 30% as a standard deduction, paying tax on the remaining 70%.
The personal exemption for 2024 remains at $0. — the standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.
