2024 Tax Brackets Married Filing Jointly Owned

2024 Tax Brackets Married Filing Jointly Owned. Your bracket depends on your taxable income and filing status. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.


2024 Tax Brackets Married Filing Jointly Owned

Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of household, an increase of $1,100. 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).

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