Tax Brackets 2024 Married Jointly Table. As your income goes up, the tax rate on the next layer of income is higher. The irs has released higher federal tax brackets for 2024 to adjust for inflation.
The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024. To figure out your tax bracket, first look at the rates for the filing status you plan to use: