New 2024 Tax Brackets Married Filing Jointly Synonym. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. This can often result in a lower tax liability compared to.
The alternative minimum tax exemption amount for the tax year 2024 is set at $85,700 and begins to phase out at $609,350 ($133,300 for married couples filing jointly,. This can often result in a lower tax liability compared to.