Foundation for Economic Education: 2024 Federal Tax Brackets Are Out, Find Out Which Bracket You're In--and Why Tax Rates Are So High
November 14, 2023
November 14, 2023
DETROIT, Michigan, Nov. 14 -- The Foundation for Economic Education issued the following news:
The IRS released new federal income tax brackets last week. Though marginal tax rates did not change, federal law requires the brackets to be adjusted for inflation, and this is how they shake out.
Marginal rate...Individual income...Married couples filing jointly
10%...$11,600...$0-up to $23,2000
12%...$11,600 to $47,150...$23,2000 to $94,300
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The IRS released new federal income tax brackets last week. Though marginal tax rates did not change, federal law requires the brackets to be adjusted for inflation, and this is how they shake out.
Marginal rate...Individual income...Married couples filing jointly
10%...$11,600...$0-up to $23,2000
12%...$11,600 to $47,150...$23,2000 to $94,300
< . . .