2024 Income Tax Brackets And Deductions . This is about half the increase that. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: People 65 or older may be.
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2024 tax brackets Archives Optima Tax Relief , Calling for two federal income tax rates — 15% and 30% — while eliminating most deductions.