Tax Bracket 2024 Single. There are seven tax brackets for most ordinary income for the 2023 tax year: And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023.

2024 tax brackets (taxes due in april 2025) the 2024 tax year, and the return due in 2025, will continue with these seven federal tax brackets: The top marginal income tax rate of 37 percent will hit taxpayers with taxable income above $609,350 for single filers and above $731,200 for married couples filing jointly.