Income Brackets 2024 Married Jointly. Under the project 2025 proposal, you could pay more or less in federal income taxes, depending on your current bracket, according to howard gleckman,. The standard deduction is the fixed amount the irs allows you to deduct from your annual income.
For tax year 2023, or the taxes you file in april 2024, these are the tax brackets and income thresholds for the various filing statuses: For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%.
