Tax Brackets 2024 And Deductions. The following tables show the revised income tax slabs, not the old tax regime. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
The internal revenue service (irs) has designated seven federal tax brackets that apply to both the 2023 tax year (the taxes you file in april 2024) and the. The agency has boosted the income thresholds for each.