Tax Brackets 2024 Married Jointly Over 65. 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 tax year 2023, or the taxes you file in april 2024, these are the tax brackets and income thresholds for the various filing statuses:

For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. Below, cnbc select breaks down the updated tax brackets for 2024 and what you need to know about them.