Single Tax Brackets 2024 Standard Deduction. You can use our federal tax brackets calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax years. The sum of $450 plus.

If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150. For married couples filing jointly, the standard deduction will be $29,200.