2024 Tax Brackets Married Filing Separately Meaning. For 2024, the irs made adjustments to federal income tax brackets to account for inflation, including raising the standard deduction to $14,600 (up from $13,850) for single filers. Suppose you’re married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains.

Each year, the irs adjusts its federal income tax brackets to account for inflation and other factors that drive wages and the cost of living higher. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.