2024 Tax Brackets Married Filing Jointly Vs Single. The standard deduction is the fixed amount the irs allows you to deduct from your. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of.
Taxpayers whose net investment income exceeds the irs limit ($200,000 for an individual taxpayer, $250,000 married filing jointly, or $125,000 married filing. See current federal tax brackets and rates based on your income and filing status.