2024 Tax Brackets Irs Married Jointly . The irs has released higher federal tax brackets for 2024 to adjust for inflation. The standard deduction is increasing to $29,200 for married couples.
For 2024, inflation adjustments increased the size of tax brackets by about 5.4%. The alternative minimum tax exemption amount for tax year 2024 is $85,700 and begins to phase out at $609,350 ($133,300 for married couples filing jointly for.
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2024 Irs Tax Brackets Married Filing Jointly Charyl Modestia , In 2024, the top tax rate of 37% applies to those earning over $609,350 for individual single filers, up from $578,125 last year.
