2024 Married Tax Brackets Married Jointly And

2024 Married Tax Brackets Married Jointly And. Understanding the tax rates and income thresholds can help you plan your finances and potentially reduce your tax liability. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher.

10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024.