2024 Tax Tables And Standard Deductions. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. For individuals, the new maximum will be $14,600 for 2024, up from $13,850, the irs said.
You pay tax as a percentage of your income in layers called tax brackets. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for.