2024 Standard Deductions And Tax Brackets Over 65. Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024. You pay tax as a percentage of your income in layers called tax brackets.

The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Taxpayers get a higher standard deduction when they turn 65 or are blind.