2024 Tax Brackets Married Filing Jointly. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700). The tax rate for individuals (single filing) earning under $400k will be preserved.
To figure out your tax bracket, first look at the rates for the filing status you plan to use: The bracket you’re in depends on your filing status:
In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).
You pay tax as a percentage of your income in layers called tax brackets.
The irs released these brackets and income levels for 2024:
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).
