What Is Standard Tax Deduction For 2024 Married. For those filing head of household, the standard deduction will be $21,900 for tax year 2024 (up $1,100 from tax year. For 2024, the highest income tax bracket of 37 percent applies when taxable income hits:
The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. It was nearly doubled for all classes of filers by the 2017 tax cuts and jobs act (tcja) as.