Irs 2024 Standard Deductions And Tax Brackets. This is about half the increase that taxpayers saw in 2024,. See current federal tax brackets and rates based on your income and filing status.
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. For individuals, the new maximum will be $14,600 for 2024, up from $13,850, the irs said.