2024 Tax Brackets: Married Jointly Synonym. Below, cnbc select breaks down the updated tax brackets for 2024 and what you need to know about them. If you are married and file a single tax return as a couple (known as married filing jointly), your brackets are:

Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate. For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing.