2024 Standard Deduction Mfj Income Tax

2024 Standard Deduction Mfj Income Tax. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of household.

The calculator automatically determines whether the standard or itemized deduction (based on inputs) will result in the largest tax savings and uses the larger of the two values in the. 37% for individual filers with incomes over.