2024 Tax Rates Married Filing Jointly Vs Jointly. Married and filing jointly typically can net you a bigger standard deduction, reducing your taxable income—$27,700 for most couples under age 65 in 2023, jumping up to $29,200 in 2024. To figure out your tax bracket, first look at the rates for the filing status you plan to use:
For the 2023 tax year, the standard deduction for married couples filing jointly is $27,700, nearly double the $13,850 deduction for those filing separately. Single filers are taxed at the lowest marginal tax rate of.
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