2024 Tax Tables And Standard Deductions For Single

2024 Tax Tables And Standard Deductions For Single. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.

The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.