2024 Tax Brackets Married Filing Single. Single, married filing jointly, married filing separately, or head of. 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
Tax rate single married filing jointly married filing separately head of household; Here’s how that works for a single person earning $58,000 per year:
In 2024, Single Filers Making Less Than $161,000 And Those Married Filing Jointly Making Less Than $240,000 Can.
In 2024, the federal income tax rates consist of seven brackets:
There Are Seven Different Income Tax Rates:
For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).
Estimate Your 2023 Taxable Income (For Taxes Filed In 2024) With Our Tax Bracket Calculator.
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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.
To figure out your tax bracket, first look at the rates for the filing status you plan to use:
We've Got All The 2023 And 2024.
For 2024, the maximum earned income tax credit (eitc) amount available is $7,830 for married taxpayers filing jointly who have three or more qualifying.
Married Filing Jointly Or Qualifying Surviving Spouse.