2024 Tax Brackets For Seniors Over 65 Single. 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. 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.

There are seven (7) tax rates in 2024. $46,560 ($53,120 if married filing jointly), and you have one qualifying child;