Irs Income Tax Brackets 2024 Over 65. You pay tax as a percentage of your income in layers called tax brackets. For instance, the new threshold for the 10% tax bracket for married couples filing jointly will rise to $23,850 in 2025, a 2.8% increase from its 2024 threshold of $23,200.
There are seven (7) tax rates in 2024. The standard deduction climbs to $30,000.