2024 Standard Deductions And Tax Brackets. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household. 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.
The highest earners fall into the 37% range, while those who earn the least are in the. Your bracket depends on your taxable income and filing status.
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