2024 Tax Rates And Standard Deduction For Single

2024 Tax Rates And Standard Deduction For Single. The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household. But, to make your decision, you must know the standard deduction amount for each tax year and how additional standard deduction benefits exist for people over 65.

For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). The federal federal allowance for over 65 years of age single filer in 2024 is $ 1,950.00