Irs Tax Brackets 2024 Single. 24% for incomes over $100,525. When your income jumps to a higher tax bracket, you don't pay the higher rate on your entire income.
You pay tax as a percentage of your income in layers called tax brackets. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.