Irs Tax Rates 2024 Married Filing Jointly

Irs Tax Rates 2024 Married Filing Jointly. The tax rate for couples (joint filing) earning under $450k will be preserved. For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%.


Irs Tax Rates 2024 Married Filing Jointly

For 2024, the principal residence exclusion, also called the section 121 exclusion, is up to $250,000 for single filers and up to $500,000 for married couples. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons:

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