Julee Maressa

Tax Brackets 2024 And Standard Deduction. See current federal tax brackets and rates based on your income and filing status. For single filers, the standard deduction for 2024 will be $14,600, up from $13,850 this year.

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). 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.