Tax Bracket 2024 Married Filing Jointly

Tax Bracket 2024 Married Filing Jointly. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. As your income goes up, the tax rate on the next layer of income is higher.


Tax Bracket 2024 Married Filing Jointly

You pay tax as a percentage of your income in layers called tax brackets. Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate.

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