What Are The Tax Brackets For 2024 Mfj Tax Brackets. 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. Below are some highlights for your information and tax planning this year.

Filing jointly has many tax benefits, as the irs and many states effectively double the width of most mfj brackets when compared to the single tax bracket at the same tax rate level. 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.