Mfj Standard Deduction 2024. (mm) the standard deduction for 2024 will be $8,500 for single taxpayers and $17,000 for mfj taxpayers if certain revenue growth projections are met. You pay tax as a percentage of your income in layers called tax brackets.
These are not the tax rates and other numbers for 2023 (you’ll find the official 2023 tax rates. Federal tax brackets range from 10%.