2024 Income Tax Brackets And Deductions For Seniors. This calculator takes the gross income entered into the income field and then subtracts applicable deductions and adjustments, such as 401(k) contributions, hsa contributions, and your. How to file your taxes:

Tax brackets and tax rates. 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.