Tax Brackets 2024 Standard Deduction. For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, an increase of $750 from 2023; See current federal tax brackets and rates based on your income and filing status.
For single filers, the standard deduction for 2024 will be $14,600, up from $13,850 this year. While the tax rates are identical for 2023 and 2024, the irs increased the income thresholds that determine your bracket by about 5.4% for 2024.
Tax Brackets 2024 Standard Deduction Images References :