2024 Tax Brackets: The Complete Picture

Each year, the IRS adjusts tax brackets for inflation to prevent "bracket creep" β€” when inflation pushes income into higher brackets without actual purchasing power gains. For 2024, brackets increased by approximately 5.4%.

2024 Federal Income Tax Brackets (Single Filers)

Tax RateIncome Range
10%$0 – $11,600
12%$11,601 – $47,150
22%$47,151 – $100,525
24%$100,526 – $191,950
32%$191,951 – $243,725
35%$243,726 – $609,350
37%Over $609,350

Standard Deduction Increases

The standard deduction also increased for 2024:

  • Single: $14,600 (up $750 from 2023)
  • Married Filing Jointly: $29,200 (up $1,500)
  • Head of Household: $21,900 (up $1,100)

What This Means for You

These adjustments mean you can earn more in 2024 before being pushed into the next bracket. For most middle-income earners, this translates to a modest reduction in overall tax burden compared to 2023.