2024 Tax Brackets Single. Suppose that you contribute the same $6,500 a year for 40 years to a roth ira. 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.
The top marginal tax rate in tax year 2024, will remain at 37% for single individuals with incomes greater than $609,350. From 2018, the new bracket rates are 10%, 12%, 22%, 24%, 32%,.