2024 Tax Brackets Married. The standard deduction is increasing to $29,200 for married couples. The top federal income tax bracket for the 2023 tax filing season was 37 percent.
The change will raise the top tax rate of 37% to $609,350 for individuals and $731,200 for married couples filing jointly—up from the current tax season’s threshold of. Knowing your federal tax bracket is essential, as it determines your federal income.