Emmy Claribel

2024 Tax Brackets Married Filing Jointly Irs. Amt exemptions phase out at 25 cents per dollar earned once amti reaches $609,350 for single filers and $1,218,700 for married taxpayers filing jointly (table 4). The top tax rate will remain at 37% for married couples filing jointly, however the income bracket has increased from $693,750 in 2023 to $731,200 in 2024.

Tax rate taxable income (married filing separately) taxable income (head of household)) 10%: The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.