In 2024, a single filer making $48,000 of taxable income pays a 10% tax rate on $11,600 of their earnings, a 12% tax rate on the portion of the earnings between $11,601 and $47,150, and a 22% tax rate on the remaining $850 that falls into that final tax bracket. Assuming t...
2024 married filing jointly tax brackets Tax rate Taxable income bracket Taxes owed 10% $0 to $23,200. 10% of taxable income. 12% $23,201 to $94,300. $2,320 plus 12% of the amount over $23,200. 22% $94,301 to $201,050. $10,852 plus 22% of the amount over $94,300. 24...
Married Filing Jointly: $693,751 (up from $647,851 in 2022) Head of Household: $578,101 (up from $539,901 in 2022) Married Filing Separately: $346,876 (up from $323,926 in 2022) 2023 Tax Bracket Chart The chart below is for the 2023 tax year filed in 2024. Federal income tax ...
Tax RateSingle Filers/ Married Filing Separate (MFS)Married Individuals Filing Jointly/ Qualifying Surviving SpousesHeads of Households 10%$0 – $11,000$0 – $22,000$0 – $15,700 12%$11,000 – $44,725$22,000 – $89,450$15,700 – $59,850 ...
2024 tax brackets Tax rateSingle filersMarried couples filing jointlyMarried couples filing separatelyHead of household 10% $11,600 or less $23,200 or less $11,600 or less $16,550 or less 12% $11,601 to $47,150 $23,201 to $94,300 $11,601 to $47,150 $16,551 to $63,100 22%...
Here are the 2024 and 2025 tax brackets and federal income tax rates. Plus, learn how to find your marginal tax rate and effective tax rate.
$8,600: “Single or “Married filing separately” $12,900: “Married filing jointly”Multiply the number of withholding allowances claimed on Line 5 (2019 and earlier Form W-4) by $4,300. Enter the total into Step 4(b) (2020 and later Form W-4)Enter...
2024 Tax RateSingleMarried Filing JointlyHead of Household 10%$0 to $11,600$0 to $23,200$0 to $16,550 12%$11,601 to $47,150$23,201 to $94,300$16,551 to $63,100 22%$47,151 to $100,525$94,301 to $201,050$63,101 to $100,500 ...
2024 Tax RateSingle FilersMarried Filing JointlyMarried Filing SeparatelyHeads of Households 10%Up to $11,600Up to $23,200Up to $11,600Up to $16,550 12%$11,601 to $47,150$23,201 to $94,300$11,601 to $47,150$16,551 to $63,100 ...
2024 Federal Tax Brackets and Rates 2024 Tax RateSingleMarried Filing JointlyHeads of Household 10% $0 to $11,600 $0 to $23,200 $0 to $16,550 12% $11,601 to $47,150 $23,201 to $94,300 $16,551 to $63,100 22% $47,151 to $100,525 $94,301 to $201,050 ...