2024 Income Tax Brackets Married Filing Jointly

2024 Income Tax Brackets Married Filing Jointly. The irs has announced higher federal income tax brackets and standard deductions for 2025. For example, if you’re married filing jointly for 2024 taxes with a taxable income of $95,000, you’d fall under the 22% tax bracket even though a majority of your taxable income ($94,300) falls under the 12% tax bracket.

Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of household, an increase of $1,100. You pay tax as a percentage of your income in layers called tax brackets.