2024 Irs Tax Brackets For Single Filers. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).

Each year, the irs evaluates income tax brackets and adjusts them accordingly based on inflation. Here’s how that works for a single person with taxable income of $58,000 per year: