Tax Brackets For 2024 Tax Year Over 65

Tax Brackets For 2024 Tax Year Over 65. Starting in the 2024 tax year rather than phased. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts.

The top marginal tax rate in tax year 2024, will remain at 37% for single individuals with incomes greater than $609,350. 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.