2024 Tax Rates And Brackets For Seniors. These rates apply to your taxable income. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Your bracket depends on your taxable income and filing status. The standard deduction will go up to $15,000 for 2025 tax returns โ up $400 from 2024 โ for single taxpayers and married individuals filing separately.