Federal tax rates

Federal income tax brackets for 2024*

Tax rate

Married, filing jointly or qualified widow(er)

Single

Head of household

Married, filing separately

10%

$0–$23,200

$0–$11,600

$0–$16,550

$0–$11,600

12%

$23,201–$94,300

$11,601–$47,150

$16,551–$63,100

$11,601–$47,150

22%

$94,301–$201,050

$47,151–$100,525

$63,101–$100,500

$47,151–$100,525

24%

$201,051–$383,900

$100,526–$191,950

$100,501–$191,950

$100,526–$191,950

32%

$383,901–$487,450

$191,951–$243,725

$191,951–$243,700

$191,951–$243,725

35%

$487,451–$731,200

$243,726–$609,350

$243,701–$609,350

$243,726–$365,600

37%

$731,201 and over

$609,351 and over

$609,351 and over

$365,601 and over

 

*This information is subject to change by the Internal Revenue Service (IRS).

If you receive a paycheck, the IRS Tax Withholding Estimator can help you choose the right amount of tax to withhold from your paycheck.

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Effective July 1, 2024, American Funds Distributors, Inc. was renamed Capital Client Group, Inc.

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