Irs Income Tax Brackets 2024 Over 65. The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 — for single taxpayers and married individuals filing separately. 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.
10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate). There are seven (7) tax rates in 2024.