Irs Tax Brackets 2024 Single Filer. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024. In 2024, the top tax rate of 37% applies to those earning over $609,350 for individual single filers, up from $578,125 last year.

For heads of households, the standard deduction will be $22,500 for tax year 2024, an increase of $600 from the amount for tax year 2024. For the 2024 tax year, the adjusted gross income (agi) amount for joint filers to determine the reduction in the lifetime learning credit is $160,000;