2024 Tax Brackets And Standard Deduction . In tax year 2024, the standard deductions are as follows: The standard deduction went up by $750 to $14,600 for single taxpayers and married payers filing separately.
For married couples filing jointly for tax year 2024, the deduction increased to $29,200, up $1,500 from tax year 2023, the irs said. These tax rates are for the 2024 tax year covering tax returns that will be filed in 2025.
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2024 Tax Brackets Taxed Right , “for single taxpayers and married individuals filing separately for tax year 2025, the standard deduction rises to $15,000 for 2025, an increase of $400 from 2024,” the irs tax inflation.