2024 Tax Rates Married Filing Jointly 2024 . The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. The standard deduction is the fixed amount the irs allows you to deduct from your.
The change will raise the top tax rate of 37% to $609,350 for individuals and $731,200 for married couples filing jointly—up from the current tax season’s threshold. As your income goes up, the tax rate on the next layer of income is higher.
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2024 Tax Brackets Announced What’s Different? , The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons:
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