Tax Brackets 2024 For Married Filing Jointly

Tax Brackets 2024 For Married Filing Jointly. Here’s how that works for a single person with taxable income of $58,000 per year: The irs has released higher federal tax brackets for 2024 to adjust for inflation.


Tax Brackets 2024 For Married Filing Jointly

The top rate of 37%, for instance, will apply to individuals with annual taxable income above $609,350 or to jointly filing married couples who earn more than $731,200. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.

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