2024 Tax Brackets Married Filing Separately Single

2024 Tax Brackets Married Filing Separately Single. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; The additional standard deduction for people who have reached age 65 (or who are blind) is $1,550 for each married taxpayer or $1,950 for unmarried taxpayers.

Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate. Yep, this year the income limits for all tax brackets will be adjusted for inflation, so let’s take a closer look at what tax rates and tax brackets are and how they change how much you pay in federal income tax.