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2024 Guidelines
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">
The IRS adjusts tax brackets annually based on inflation and other factors. This page will provide the
updated tax brackets for the 2024 tax year as soon as they are released.
Taxable Income Range (USD) Tax Rate (%)
$0 – $11,600
10%
$11,601 – $47,150
12%
$47,151 – $100,525
22%
$100,526 – $191,950
24%
$191,951 – $243,725
32%
$243,726 – $609,350
35%
Over $609,350
37%
Taxable Income Range (USD)
Tax Rate (%)
$0 – $23,200
10%
$23,201 – $94,300
12%
$94,301 – $201,050
22%
$201,051 – $383,900
24%
$383,901 – $487,450
32%
$487,451 – $731,200
35%
Over $731,200
37%
Taxable Income Tax Rate
$0 to $9,225
10%
$9,226 to $37,450
$922.50 plus 15% of the amount over $9,225
$37,451 to $75,600
$5,156.25 plus 25% of the amount over $37,450
$75,601 to $115,225
$14,693.75 plus 28% of the amount over $75,600
$115,226 to $205,750
$25,788.75 plus 33% of the amount over $115,225
$205,751 to $232,425
$55,662.00 plus 35% of the amount over $205,750
$232,426 or more
$64,998.25 plus 39.6% of the amount over $232,425
Taxable Income Tax Rate
$0 to $13,150
10%
$13,151 to $50,200
$1,315.00 plus 15% of the amount over $13,150
$50,201 to $129,600
$6,872.50 plus 25% of the amount over $50,200
$129,601 to $209,850
$26,772.50 plus 28% of the amount over $129,600
$209,851 to $411,500
$49,192.50 plus 33% of the amount over $209,850
$411,501 to $439,000
$115,737.00 plus 35% of the amount over $411,500
$439,001 or more
$125,362.00 plus 39.6% of the amount over $439,000
You are allowed to claim one personal exemption for yourself and one for your spouse (if
married). However, if somebody else can list you as a dependent on their tax return, you are not
permitted to claim a personal exemption for yourself.
For tax year 2018, the personal exemption amount is $4,000 (up from $3,950 in 2017).
The personal exemption was eliminated for the 2018 tax year. The only way you to take an
exemption is
if you are filing an amended return for a prior year. If you have any questions, please give us
a call.
© 2025
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