Irs Income Tax Brackets 2024 Married Jointly. The tax rates continue to increase as someone’s income moves into higher brackets. The next tax bracket is 12% of taxable income levels between $11,601 to $47,150.
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. 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.