Tax Brackets For 2024 Married Filing Jointly Irs. Tax rate taxable income (married filing separately) taxable income (head of household)) 10%: The alternative minimum tax exemption amount for tax year 2024 is $85,700 and begins to phase out at $609,350 ($133,300 for married couples filing jointly for whom the exemption begins to phase out at $1,218,700).

In 2024 and 2025, the income tax rates for each of the seven brackets are the same: This can often result in a lower tax liability compared to filing separately.