2024 Tax Brackets Irs Married Jointly. 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. The change will raise the top tax rate of 37% to $609,350 for individuals and $731,200 for married couples filing jointly—up from the current tax season’s threshold.

The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. 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.