2024 Standard Deductions And Tax Brackets. Here is a look at the deductions offered under the new tax regime as of 2024. The standard deduction for single.

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. Check your 2024 irs federal income tax bracket to see if you fall into a lower bracket due to inflation, which could lower your tax bill next year.