2024 Tax Brackets And Standard Deductions Married Filing Jointly. 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). You pay tax as a percentage of your income in layers called tax brackets.
The bracket you’re in depends on your filing status: The irs on thursday announced higher federal income tax brackets and standard deductions for 2024.
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