Irs Tax Brackets 2024 Chart. The standard deduction for 2023 is: These tax brackets determine how much you’ll pay on your taxable income for that year.
The 2025 tax year standard deduction for married couples filing jointly rises to $30,000 — an $800 increase from $29,200 for the 2024 tax year. In 2024, the federal income tax rates consist of seven brackets: