2024 Us Tax Brackets Married Filing Jointly Meaning

2024 Us Tax Brackets Married Filing Jointly Meaning. The income tax calculator estimates the refund or potential owed amount on a federal tax return. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.

The change will raise the top tax rate of 37% to $609,350 for individuals and $731,200 for married couples filing jointly—up from the current tax season’s threshold. See current federal tax brackets and rates based on your income and filing status.