Irs Tax Brackets 2024 Chart. The irs has increased its income tax brackets by 2.75% for 2025, with the top rate of 37% applying to incomes over $626,350 for singles and $731,200 for joint filers. 10 percent, 12 percent, 22 percent, 24 percent, 32.
In 2024, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1). An announcement from the irs reads, โthe standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023.