2024 Tax Brackets For Single Filers. Instead, the tax brackets are tied to marginal tax rates. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.
For 2025, the standard tax deduction for single filers has been raised to $15,000, a $400 increase from 2024. This means that in 2024, for example, the first $22,000 of income is taxed at a rate of 10%.