2024 Standard Deduction Over 65 Tax Brackets. You pay tax as a percentage of your income in layers called tax brackets. Single or married filing separately:
In its announcement tuesday, the agency raised the income thresholds for each. You will pay 10 percent on taxable income up to $11,600, 12 percent on the amount over $11,600 to $47,150, and 22 percent above that (up to $100,525).