Tax Bracket 2024 Married Filing Separately Married Filing. This higher deduction lowers your taxable income, potentially placing you in a lower tax bracket and reducing your overall tax liability. Next, determine your taxable income.

You can use our federal tax brackets calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax years. In other words, in 2024, a married couple filing jointly would pay 10% on their first $23,200, then 12% on any additional income up to $94,300, 22% on any additional income up to $201,050, and so.