Every year, the IRS evaluates and typically adjusts certain tax provisions to account for inflation. Below is the IRS’s latest adjustments for the 2024 tax year – including tax brackets and standard deductions.¹

This material is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax, legal and accounting professionals before modifying your tax strategy.

10%

• Single: Up to $11,600
• Married Filing Jointly: up to $23,200
• Married Filing Separately: Up to $11,600
• Head of Household: Up to $16,550

12%

• Single: $11,601 to $47,150
• Married Filing Jointly: $23,201 to $94,300
• Married Filing Separately: $11,601 to $47,150
• Head of Household: $16,551 to $63,100

22%

• Single: $47,151 to $100,525
• Married Filing Jointly: $94,301 to $201,050
• Married Filing Separately: $47,151 to $100,525
• Head of Household: $63,101 to $100,500

24%

• Single: $100,526 to $191,950
• Married Filing Jointly: $201,051 to $383,900
• Married Filing Separately: $100,526 to $191,950
• Head of Household: $100,501 to $191,950

32%

• Single: $191,951 to $243,725
• Married Filing Jointly: $383,901 to $487,450
• Married Filing Separately: $191,951 to $243,725
• Head of Household: $191,951 to $243,700

35%

• Single: $243,726 to $609,350
• Married Filing Jointly: $487,451 to $731,200
• Married Filing Separately: $243,726 to $365,600
• Head of Household: $243,701 to $609,350

37%

• Single: Over $609,350
• Married Filing Jointly: Over $731,200
• Married Filing Separately: Over $365,600
• Head of Household: Over $609,350

2024 Standard Deduction Amounts

• Single: $14,600
• Married Filing Jointly: $29,200
• Married Filing Separately: $14,600
• Head of Household: $21,900

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Consumers Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.