2024 Tax Brackets Vs 2024 Tax Brackets. Your bracket depends on your taxable income and filing status. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
New 2024 income tax brackets and a higher standard deduction may mean tax cuts for many americans. There are seven tax brackets for most ordinary income for the 2023 tax year: