Capital Gains Tax 2024 Married Filing Jointly With Spouse

Capital Gains Tax 2024 Married Filing Jointly With Spouse.  — for the 2023 tax year, the standard deduction for married couples filing jointly is $27,700, nearly double the $13,850 deduction for those filing separately. The 2024 tax tables are found here.

 — this means that when certain conditions are met, sellers can exclude up to $250,000 (for a single person) or $500,000 (married, filing jointly) of their profit from a.  — if you meet those rules, you can exclude up to $250,000 in gains from a home sale if you’re single, and up to $500,000 if you’re married filing jointly.