2024 Tax Brackets And Standard Deduction . 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. With our tax system, your income is reduced by your deductions.
How the 2024 tax brackets might affect you. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.
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