2024 Tax Brackets Standard Deduction

2024 Tax Brackets Standard Deduction. Each year, the irs adjusts the standard deduction, tax brackets, and other tax breaks to compensate for inflation. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for.

The 2024 standard deduction amounts are as follows: The highest earners fall into the 37% range,.