2024 Tax Rates And Standard Deduction. The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
When you are looking at the federal tax brackets, you are able to determine which tax rate applies to you for the current tax season which allows you to go on and determine how much tax you. See current federal tax brackets and rates based on your income and filing status.