2024 Tax Brackets Irs Married Jointly . The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. The standard deduction is the fixed amount the.
The tax rates continue to increase as someone’s income moves into higher brackets. While the tax rates are identical for 2023 and 2024, the irs increased the income thresholds that determine your bracket by about 5.4% for 2024.
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