Federal Income Tax Brackets and Rates

2024

Tax Rate Single Filers Married Individuals Filing Joint Heads of Households
10% $0 to $11,600 $0 to $23,200 $0 to $16,550
12% $11,600 to $47,150 $23,200 to $94,300 $16,550 to $63,100
22% $47,150 to $100,525 $94,300 to $201,050 $63,100 to $100,500
24% $100,525 to $191,950 $201,050 to $383,900 $100,500 to $191,950
32% $191,950 to $243,725 $383,900 to $487,450 $191,950 to $243,700
35% $243,725 to $609,350 $487,450 to $731,200 $243,700 to $609,350
37% $609,350 or more $731,200 or more $609,350 or more

2024

Filing Status Standard Deduction
Single; Married Filing Separately $14,600
Married Filing Jointly & Surviving Spouses $29,200
Head of Household $21,900

Medicare Part B Premium

Beneficiaries who file individual tax returns with modified adjusted gross income Beneficiaries who file joint tax returns with modified adjusted gross income Income-Related Monthly Adjustment Amount Monthly Premium
Less than or equal to $103,000 Less than or equal to $206,000 $0.00 $174.70
Greater than $103,000 and less than or equal to $129,000 Greater than $206,000 and less than or equal to $258,000 $69.90 $244.60
Greater than $129,000 and less than or equal to $161,000 Greater than $258,000 and less than or equal to $322,000 $174.70 $349.40
Greater than $161,000 and less than or equal to $193,000 Greater than $322,000 and less than or equal to $386,000 $279.50 $454.20
Greater than $193,000 and less than $500,000 Greater than $386,000 and less than $750,000 $384.30 $559.00
Greater than or equal to $500,000 Greater than or equal to $750,000 $419.30 $594.00

IRS provides tax inflation adjustments for tax year 2024

irs.com: 2024 Tax Brackets

cms.gov: 2024 Medicare Parts A & B Premiums and Deductibles