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2024 Tax Rate Schedule. Tax Rates on Long -Term Capital Gains and Qualified Dividends. For individuals, 3.8% tax on the lesser of: (1) Net Investment Income, or (2) MAGI in excess of $200,000 for single filers, or head of households, $250,000 for married couples filing jointly, and $125,000 for married couples filing separately. (3) Page 2 of 21
In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (Table 1). The federal income tax has seven tax rates in 2024: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.
Page Last Reviewed or Updated: 16-Oct-2024. Print. See current federal tax brackets and rates based on your income and filing status.
Last day to file federal income tax returns for individuals (unless the individual lives in Maine or Massachusetts, in which case the deadline is April 17, 2024). Tax filing deadline to request an extension until Oct. 15, 2024 for individuals whose tax return deadline is April 15, 2024.
The IRS has announced the annual inflation adjustments for the year 2024, including tax rate schedules, tax tables and cost-of-living adjustments.
The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status.
Explore the 2024 federal income tax brackets and rates. Learn how marginal tax rates work, see tables for all filing statuses, and understand changes from 2023.