2024 Standard Deductions And Tax Brackets Irs

2024 Standard Deductions And Tax Brackets Irs. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. You will pay 10 percent on taxable income up to $11,600, 12 percent on the amount over $11,600 to $47,150, and 22 percent above that (up to $100,525).

The agency has boosted the income thresholds for each. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;