Irs New Tax Brackets 2024. — learn the irs rates and inflation adjustments for 2024 federal taxes—tax brackets, standard deductions, new ira rules, and more. — the standard deduction — the set amount of money by which you can reduce the income you're taxed on if you don't itemize — will get a boost to $14,600 for single filers in 2024, up from $13,850.
The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for. For 2024, the lowest rate of 10% will apply to individuals with taxable income up to $11,600 and joint filers up to $23,200.
