2024 Tax Table (Projected)

The Internal Revenue Service is also a great place to keep yourself updated on the latest changes to the tax code. They also have a new tool called the Interactive Tax Assistant. The final version of the 2024 tax table will be posted in the coming weeks on their site.

Also, Kelly Phillips Erb is a great follow at Forbes Magazine for the latest plain English tax updates.

Single Taxpayers

Projected 2024 Tax Table and Brackets:

if taxable income is 0 – $11,600, then tax due is 10%

if taxable income is $11,601 – $47,150, then tax due is $1,160 + 12% over $11,600

if taxable income is $47,151 – $100,525, then tax due is $5,426 + 22% over $47,150

if taxable income is $100,526 – $191,950, then tax due is $17,169 + 24% over $100,525

if taxable income is $191,951 – $243,725, then tax due is $39,111 + 32% over $191,950

if taxable income is $243,726 – $609,350, then tax due is $55,679 + 35% over $243,725

if taxable income is $609,351 or over, then tax due is $183,647 + 37% over $609,350

Married Taxpayers Filing Jointly

Projected Tax Brackets for 2024:

if taxable income is 0 – $23,200, then tax due is 10%

if taxable income is $23,201 – $94,300, then tax due is $2,320 + 12% over $23,200

if taxable income is $94,301 – $201,050, then tax due is $10,852 + 22% over $94,300

if taxable income is $201,051 – $383,900, then tax due is $34,337 + 24% over $201,050

if taxable income is $383,901 – $487,450, then tax due is $78,221 + 32% over $383,900

if taxable income is $487,451 – $731,200, then tax due is $111,357 + 35% over $487,450

if taxable income is $731,201 or over, then tax due is $196,670 + 37% over $731,200

Head of Household

Projected 2024 Tax Table:

if taxable income is 0 – $11,600, then tax due is 10%

if taxable income is $11,601 – $47,150, then tax due is $1,160 + 12% over $11,600

if taxable income is $47,151 – $100,525, then tax due is $5,426 + 22% over $47,150

if taxable income is $100,526 – $191,950, then tax due is $17,169 + 24% over $100,525

if taxable income is $191,951 – $243,725, then tax due is $39,110 + 32% over $191,950

if taxable income is $243,726 – $365,600, then tax due is $55,679 + 35% over $243,725

if taxable income is $365,601 or over, then tax due is $98,335 + 37% over $365,600

As of Oct 25, 203, the finalized 2024 tax table has not been released by the IRS. But, they will be in a range where it can be used for preliminary tax planning for 2024. Return to Home Page. To learn more about our income tax preparation services please click here.

By Jeffrey Schultz, CPA