Tax Bracket 2024 Married Filing Jointly Over 65

Tax Bracket 2024 Married Filing Jointly Over 65. You pay tax as a percentage of your income in layers called tax brackets. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday.


Tax Bracket 2024 Married Filing Jointly Over 65

As your income goes up, the tax rate on the next layer of income is higher. 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).

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