2024 Tax Brackets Single Deduction

2024 Tax Brackets Single Deduction. For 2024, the highest income tax bracket of 37 percent applies when taxable income hits: The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.


2024 Tax Brackets Single Deduction

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.

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