2024 Tax Brackets And Standard Deductions Married Jointly
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2024 Tax Brackets And Standard Deductions Married Jointly. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday. In 2024, the excess taxable income above which the 28% tax rate applies will likely be $116,300 for married taxpayers filing separate returns and $232,600 for all.
In 2024, there are seven federal income tax rates and brackets: The standard deduction for married couples filing jointly was $29,200 in 2024, while heads of household saw a $21,900 standard deduction in 2024.
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