Irs 2024 Standard Deductions And Tax Brackets. The other ~10% itemize deductions when their total deductions exceed the standard deduction. Taxpayers will also have higher standard deductions in the 2024 tax year.

37% for individual single taxpayers with incomes greater than $609,350 and for married couples who file a joint return with incomes. The 2024 tax year features seven federal tax bracket.