New Tax Rate 2024. Below, cnbc select breaks down the updated tax brackets for 2024 and. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.

On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. Find the standard deduction, amt thresholds and other tax changes for filing in 2025.