2024 Tax Married Jointly Welfare. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700). It is important to understand the tax brackets for those who are married and over 65.

Suppose you’re married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains. But for those itemizing, keep in mind that you might be able to deduct your mortgage.