2024 Tax Table. 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 2024, individuals who file taxes as single and have incomes over $609,350 ($731,200 for married filing jointly) will pay a top rate of 37%.

Understanding the 7 tax brackets the irs uses to calculate your taxes can help you figure out your federal effective tax rate. Find the 2024 tax rates.