Lishe Hyacintha

2024 Standard Deductions And Tax Rates. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married.

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married. On january 1, 2024, georgia transitions from a graduated individual income tax with a top rate of 5.75 percent to a flat tax with a rate of 5.49 percent.