Tax Brackets 2024 Single Vs Married. In this article, we’ll break down how federal income tax brackets work, the difference between marginal and effective tax rates, the tax brackets for 2024, and how to lower your taxable income. Remember, these aren't the amounts you file for your tax return, but rather the amount of tax you're going to pay starting january 1, 2024 to december 31, 2024.
10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income above $609,350 for single filers and above $731,200 for married couples filing jointly.