2024 Tax Brackets Married Jointly Single. These different categories are called filing statuses. Here’s how that works for a single person earning $58,000 per year:
Given many people are interested in the changes, we wanted to include the latest tax bracket. Single, married filing jointly, married filing separately or head of household.
Married Filing Jointly Or Qualifying Surviving Spouse.
The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.
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).
Find the current tax rates for other filing statuses.
2024 Tax Brackets Married Jointly Single Images References :
The Federal Income Tax Has Seven Tax Rates In 2024:
While the tax rates are identical for 2023 and 2024, the irs increased the income thresholds that determine your bracket by about 5.4% for 2024.
Your Bracket Depends On Your Taxable Income And Filing Status.