Tax Brackets For 2024 Married Filing Jointly Vs Single

Tax Brackets For 2024 Married Filing Jointly Vs Single. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. Married couples filing jointly are taxed at the 10% rate on their first $23,200 in taxable income earned in the 2024 tax year.

Single, married filing jointly, married filing separately, head of household, and qualifying widow(er). The dependent personal exemption is structured as a tax credit and begins to phase out for taxpayers with income exceeding $200,000 (head of household) or $400,000.