Irs Tax Rates 2024 Married Filing Jointly. Single, married filing jointly, married filing separately, or head of. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.

Here are the 2023 federal tax brackets and income tax rates for the four most common filing statuses. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).