2024 Tax Brackets Married Filing Jointly Over 65. The income tax calculator estimates the refund or potential owed amount on a federal tax return. For 2025, the standard deduction will rise by $400 to $15,000 for single filers, $800 to $30,000 for married couples filing jointly, and $600 to $22,500 for heads of household.

Suppose you’re married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains. For example, a married couple filing jointly will now be taxed at the top rate of 37% on income over $751,600.