Tax Brackets 2024 Married Jointly. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Below, cnbc select breaks down the updated tax brackets for 2024 and. Credits, deductions and income reported on other forms or schedules.