Our blog is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Single, Tax, Bracket, 2024, Excel example

2024 Tax Bracket


Posted

in

,

by

Wondering what the your taxes could be? 2024 federal tax brackets are for filing in 2025. Understanding what your taxes could be, can help you set enough money aside if needed to pay your taxes.

The four different tax brackets are single filers, married filing seperatly, married joint or qualifying surving spouse, and head of household. Planning what income bracket you fit into and which ones help you the best can become helpful for long-term financial planning.

Single Filers

Tax Rate Single FilersStartUp to
10%$0$11,600
12%$11,601$47,150
22%$47,151$100,525
24%$100,526$191,950
32%$191,951$243,725
35%$243,726$609,350
37%$609,351up

The example belows shows if income of $100,000 for a single person.

$0 up to $11,600 taxed at 10%.

$11,601 up to $47,150 taxed at 12%.

$47,151 up to $100,000 taxed at 22%.

Married Filing Separately

Tax RateStartUp to
10%$0$11,600
12%$11,601$47,150
22%$47,151$100,525
24%$100,526$191,950
32%$191,951$243,725
35%$243,726$365,600
37%$365,601up

The example belows shows if income of $100,000 for married people filing separately.

$0 up to $11,600 taxed at 10%.

$11,601 up to $47,150 taxed at 12%.

$47,151 up to $100,000 taxed at 22%.

Married Joint or Qualifying Surving Spouse Tax Bracket

Tax RateStartUp to
10%$0$23,200
12%$23,201$94,300
22%$94,301$201,050
24%$201,051$383,900
32%$383,901$487,450
35%$487,451$731,200
37%$731,200up

The example belows shows if income of $120,000 for married people filing jointly or a qualified surving spouse.

$0 up to $22,000 taxed at 10%.

$22,001 up to $94,300 taxed at 12%

$94,301 up to $120,000 taxed at 22%.

Head of Household Tax Bracket

Tax RateStartUp to
10%$0$16,550
12%$16,551$63,100
22%$63,101$100,500
24%$100,501$191,950
32%$191,951$243,700
35%$243,701$609,350
37%$609,351up

The example belows shows if income of $120,000 for head of household.

$0 up to $16,550 taxed at 10%.

$16,551 up to $63,100 taxed at 12%

$63,101 up to $100,500 taxed at 22%.

$100,501 up to $120,000 taxed at 24%.

These examples of how income tax brackets work for each different filling option. Please contact a professional to know how this works. The tax brackets change yearly and using the tax brackets can be used to estimate how much one might owe to the federal government. This example only accounts for federal tax on income (Federal income tax rates and brackets | Internal Revenue Service (irs.gov)).

Intuit TurboTax has a tax bracket estimator for federal tax. The calculator takes the estimated income and your filing status, (Single, Married filing jointly, Married filing separately, Head of household, Qualifying surviving spouse).   Tax Bracket Calculator – 2023-2024 Tax Brackets | TurboTax® Official (intuit.com) (When article was written calculator for 2024-2025 was not out.)

Wondering when to file read: When is Tax Season in 2024?


Posted

in

,

by

Recent Posts: