Ilysa Leanora

Tax Brackets For 2024 Married Filing Jointly Calculator. Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. The new tax brackets for 2025 reflect the small inflation increase.

Above $539,900 for single filers and above $693,750 for married couples filing jointly. The calculator first subtracts the appropriate standard deduction and itemized deductions from your annual income to calculate your taxable income.