2024 Income Tax Brackets Married Jointly 2024. The standard deduction is the fixed amount the irs allows you to deduct. For 2024, the top rate of 37% applies to individuals with taxable income above $609,350 and married couples filing jointly earning $731,200.

The federal income tax has seven tax rates in 2024: For example, for a married couple filing jointly with $95,000 in taxable income, their marginal tax rate for 2024 would be 22% even though they are only paying that tax rate on a few hundred.