What Are The New Tax Brackets For 2024. Your bracket depends on your taxable income and filing status. The standard deduction — the set amount of money by which you can reduce the income you're taxed on if you don't itemize — will get a boost to $14,600 for single filers in 2024, up from $13,850.

The irs increased its tax brackets by about 5.4% for each type of tax filer for 2024, such as those filing separately or as married couples. With the new tax regime slabs, certain changes have come about for the income.