Do joint filers get a higher standard deduction than single filers?

Joint filers get a higher standard deduction amount than single filers, heads of households and those married filing separately because they are allowed to combine their individual benefits. The 2023 standard deduction for married couples filing jointly is $27,700.

Can a married person claim a tax deduction?

The amount, set by the IRS, could vary by tax year and filing status—generally, single, married filing jointly, married filing separately, or head of household. If you take the standard deduction, you cannot itemize, aka claim deductions for expenses such as mortgage interest and charitable donations.

What is the 2023 standard deduction for married couples?

The 2023 standard deduction for married couples filing jointly is $27,700. This applies to taxes filed by April 15, 2024, or by Oct. 15, 2024, with an extension. For 2024 (taxes filed in 2025), the standard deduction rises to $29,200 for married couples filing jointly. » MORE: Standard deduction vs. itemized deductions