Lanae Miranda

2024 Income Tax Brackets For Seniors. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024. However, the government has revised the income tax slabs in the july 2024 budget.

If your taxable income is less than $25,000 ($32,000 for married filing jointly), your social security income is not taxable. Additional standard deduction for blindness.