Income Tax Standard Deduction 2024 24.  — 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. And is based on the tax brackets of.

 — the seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.  — for the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.