2024 Tax Brackets And Standard Deduction For Married Filing Jointly. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. In 2024, the top tax rate of 37% applies to those earning over $609,350 for individual single filers, up from $578,125 last year.
The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. The agency has boosted the income thresholds for each.
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