Irs Announces New Tax Brackets For 2024. To help us get a get a jump on our tax planning for 2024, the irs has recently unveiled the updated income tax brackets and standard deduction amounts that will be. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. That could provide a break to some taxpayers.