Irs 401k Limits 2025 Married Filing Jointly. The standard deduction for 2024 is $14,600 for individuals, $29,200 for married couples filing jointly. $30,000 ($800 increase) taxpayers who are 65 or older can take an additional standard deduction, which is also adjusted for inflation.
$30,000 ($800 increase) taxpayers who are 65 or older can take an additional standard deduction, which is also adjusted for inflation. For heads of household, the 2025 limit is $59,250, up.