2024 Tax Brackets Single Senior. For 2024, the irs made adjustments to federal income tax brackets to account for inflation, including raising the standard deduction to $14,600 (up from $13,850) for single filers. These brackets apply to federal income tax returns you would normally file in early 2025.) it's also essential to keep in mind.

Below, cnbc select breaks down the updated tax brackets for 2024 and what you need to know about. Under harris’ plan, the top marginal tax rate for the highest income brackets would rise to 39.6% for income above $400,000 for single filers and $450,000 for joint.