Income Tax Brackets 2024 Married Jointly Over 65

Income Tax Brackets 2024 Married Jointly Over 65. The income tax calculator estimates the refund or potential owed amount on a federal tax return. There are seven tax brackets for most ordinary income for the 2023 tax year:

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 comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024.