Irs Releases New Income Tax Brackets For 2024

Irs Releases New Income Tax Brackets For 2024. Tax brackets and tax rates. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.

2024 tax brackets (taxes due in april 2025) the 2024 tax year, and the return due in 2025, will continue with these seven federal tax brackets: The irs released the new updated income tax brackets for 2024.