Income Tax Rates 2024 Married Filing Jointly. See current federal tax brackets and rates based on your income and filing status. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).

For the 2024 tax year, the standard deduction is $29,200 for married couples who file jointly and $14,600 for both single filers and married filers who file separately. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).