Tax Brackets For 2024 Head Of Household Over 65. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024. 2024 tax brackets (taxes due in april 2025) the 2024 tax year, and the return due in 2025, will continue with these seven federal tax brackets:

The standard deduction is increasing to $29,200 for married couples. Heads of household filers will be entitled to a standard deduction of $21,900 on their 2024 tax return.