Joe Biden giving you more money in your pocket. Nobody else
https://www.cbsnews.com/news/taxes-2024-tax-brackets-irs-how-to-see-yours/
The tax agency on Thursday said it's adjusting the tax brackets upwards by 5.4%, relying on a formula based on the consumer price index, which tracks the costs of a basket of goods and services typically bought by consumers. The 2024 limits come after the IRS last year expanded its tax brackets by a historically large 7%, reflecting last year's high inflation.
Tax rate
Single filers
Married couples filing jointly
Head of household
10%
$0 up to $11,600
$0-up to $23,200
$0 up to $16,550
12%
more than $11,600 up to $47,150
more than $23,200 up to $94,300
more than $16,550 up to $63,100
22%
more than $47,150 up to $100,525
more than $94,300 up to $201,050
more than $63,100 up to $100,500
24%
more than $100,525 up to $191,950
more than $201,050 up to $383,900
more than $100,500 up to $191,950
32%
more than $191,950 up to $243,725
more than $383,900 up to $487,450
more than $191,950 up to $243,700
35%
more than $243,725 up to $609,350
more than $487,450 up to $731,200
more than $243,700 up to $609,350
37%
over $609,350
over $731,200
more than $609,350