Irs Income Tax Brackets 2024 Over 65. If you’re 65 or older and also blind, add $3,700 to $13,850 standard. You can use our federal tax brackets calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax.

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 taxable years beginning in 2024, under § 831(b)(2)(a)(i) the amount of the limit on net written premiums or direct written premiums (whichever is greater) is $2,800,000 to elect the alternative tax for.