Tax Brackets And Standard Deductions 2024. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). Here are the standard deduction amounts set by the irs:

The standard deduction reduces your taxable income, which can lower your overall tax liability. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).