2024 Tax Brackets Married Jointly Single
2024 Tax Brackets Married Jointly Single. The irs has increased the federal income tax brackets and standard deductions for 2024 to adjust for inflation. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024.
Single, married filing jointly, married filing separately, or head of household. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.