2024 Irs Tax Brackets And Standard Deduction

2024 Irs Tax Brackets And Standard Deduction. The standard deduction is increasing by more than 5% for 2024 income tax returns, which will be filed in 2025. 10%, 12%, 22%, 24%, 32%, 35%, and 37%.


2024 Irs Tax Brackets And Standard Deduction

Taxable income and filing status determine which federal tax rates apply to. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.

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