Tax Bracket Calculator
See exactly how much federal income tax you owe in 2024, broken down by each bracket. Calculates your marginal rate, effective rate, and after-tax income using 2024 standard deductions.
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Frequently Asked Questions
What are the 2024 federal tax brackets?
For single filers: 10% up to $11,600; 12% up to $47,150; 22% up to $100,525; 24% up to $191,950; 32% up to $243,725; 35% up to $609,350; 37% above that. Married filing jointly brackets are approximately doubled.
What is the difference between marginal and effective tax rate?
The marginal rate is the rate on your last dollar — your top bracket. The effective rate is total tax divided by total income. Due to progressive taxation, the effective rate is always lower than the marginal rate.
What is the 2024 standard deduction?
$14,600 for single filers; $29,200 for married filing jointly; $21,900 for head of household. This deduction reduces taxable income, which is why most taxpayers do not need to itemize.