Tax Brackets 2024 Standard Deduction

Tax Brackets 2024 Standard Deduction. People 65 or older may be eligible for a higher amount. For 2024, the highest income tax bracket of 37 percent applies when taxable income hits:

And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the. For 2024, the additional standard deduction is $1,950 if you are single or file as head of household.