Income Tax Brackets 2024 Married Jointly. The tax cuts and jobs act lowered the overall tax rates for most individuals and adjusted income tax brackets. For the 2024 tax year, the highest tax rate of 37% will apply to individuals reporting a taxable income surpassing $609,350.
Here’s a rundown of tax brackets for 2024, the tax return that’s due in 2025: The filing statuses are single, head of household, married filing jointly, married filing separately, and qualifying widow(er).