Standard Tax Deduction 2024 Married Over 65. Learn how it affects your taxable income and any limits on claiming it. Most retirement income is subject to state income tax in north carolina, but residents with a taxable income of $47,150 or less are exempt.
Section 63(c)(2) provides the standard deduction for use in filing individual income tax returns. Thatโs the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece.