Fed Tax Rates 2024 Married

Fed Tax Rates 2024 Married. For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%. In 2024, the excess taxable income above which the 28% tax rate applies will likely be $116,300 for married taxpayers filing separate returns and $232,600 for all.

Knowing your federal tax bracket is essential, as it determines your federal income tax rate for the year. These tax brackets were put in place by the tax cuts and jobs.