Irs New Tax Brackets 2024. As part of a widespread modification that will change more than 60 tax provisions, the irs will increase the threshold for each federal income band, boosting the threshold at which taxpayers. The irs is increasing the tax brackets by about 5.4% for both individual and married filers across the different income spectrums.

The standard deduction — the set amount of money by which you can reduce the income you’re taxed on if you don’t itemize — will get a boost to $14,600 for single. A handful of tax provisions, including the standard deduction and tax brackets, will see.