Tax Brackets For 2024 Married Filing Jointly For Seniors. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024. The calculator automatically determines whether the standard or itemized deduction (based on inputs) will result in the largest tax savings and uses the larger of the two values in the estimated.

The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.