2024 Tax Brackets Single Filer. 2024 tax code changes everything you need to know, for 2024, the irs made adjustments to federal income tax brackets to account for inflation, including raising the standard deduction to $14,600 (up from $13,850) for single filers. For instance, the 10% rate for a single filer is up to and including $11,000.

You pay tax as a percentage of your income in layers called tax brackets. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.