2024 Income Tax Brackets Married Jointly Vs Single

2024 Income Tax Brackets Married Jointly Vs Single. The standard deduction is increasing to $27,700 for married couples filing together and. To figure out your tax bracket, first look at the rates for the filing status you plan to use:

The social security tax rate in 2023 was 6.2% on earnings up to $160,200 for 2023, and the medicare tax rate was 1.45% on all earnings. This tax imposes an additional 3.8% on your investment income, including your capital gains if your modified adjusted gross income (magi) exceeds certain maximums:.