Irs New Income Tax Brackets 2024

Irs New Income Tax Brackets 2024. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax. The federal income tax has seven tax rates in 2024:

10%, 12%, 22%, 24%, 32%, 35%, and 37%. The 2024 tax year standard deduction for married couples filing jointly will be $29,200, a $1,500 increase from $27,700 for the 2023 tax year.