Irs Tax Brackets 2024 Married Filing Jointly. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. When you are looking at the federal tax brackets, you are able to determine which tax rate applies to you for the current tax.

The standard deduction is the fixed amount the. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.