Us Tax Brackets 2024 Married Filing Jointly. Tax brackets are a progressive taxation system designed to ensure that individuals with higher income levels pay a larger percentage of their earnings in taxes. For example, a married couple filing jointly will now be taxed at the top rate of 37% on income over $751,600.
In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). 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.
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