Irs Tax Rates 2024 Married Jointly

Irs Tax Rates 2024 Married Jointly. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. For example, just because a married couple files a joint return with $100,000 of taxable income in 2024 and their total taxable income falls within the 22% bracket for joint filers, it doesn't.


Irs Tax Rates 2024 Married Jointly

You pay tax as a percentage of your income in layers called tax brackets. 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).

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