2024 Tax Brackets Married Filing Jointly With Dependents

2024 Tax Brackets Married Filing Jointly With Dependents. For 2024, the deduction gradually phases out starting at a modified agi (magi) of $75,000 for single filers, and $155,000 for married couples filing jointly. Are you wondering what the 2024 federal tax income brackets are, and where you land on the tax bracket system?

For 2024, the maximum earned income tax credit (eitc) amount available is $7,830 for married taxpayers filing jointly who have three or more qualifying children—it was $7,430 in 2023. The top rate of 37%, for instance, will apply to individuals with annual taxable income above $609,350 or to jointly filing married couples who earn more than $731,200.