Income Tax Bracket 2024 Single. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;

As your income goes up, the tax rate on the next layer of income is higher. Under the income tax act, 1961,.