2024 Income Tax Brackets Married Jointly. Your bracket depends on your taxable income and filing status. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.

For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). Most people fall into the 15% bracket, but if your income is below a certain threshold, you might qualify for the 0% rate, meaning you won’t pay any capital gains tax on those profits.