2024 Tax Bracket Thresholds

At Opsahl Dawson, our CPAs work with individuals as well as businesses. We take the stress out of filing your taxes and helping you prepare for your financial future.

Find your 2024 tax bracket below and reach out to our team with any questions.

2024 Tax Bracket Thresholds
Single Filers
Ordinary Income Tax RateTaxable Income BracketTax on Ordinary Income
10%$0 – $11,60010% of the taxable income
12%$11,601 – $47,150$1,160 plus 12% of the amount over $11,600
22%$47,151 – $100,525$5,426 plus 22% of the amount over $47,151
24%$100,526 – $191,950$17,168.50 plus 24% of the amount over $100,525
32%$191,951 – $243,725$39,110.50 plus 32% of the amount over $191,950
35%$243,726 – $609,350$55,678.50 plus 35% of the amount over $243,725
37%$609,351 and over$183,647.25 plus 37% of the amount over $609,350
Married Filing Joint or Qualifying Widow(er)
Ordinary Income Tax RateTaxable Income BracketTax on Ordinary Income
10%$0 – $23,20010% of the taxable income
12%$23.201 – $94,300$2,320 plus 12% of the amount over $23,200
22%$94,301 – $201,050$10,852 plus 22% of the amount over $94,300
24%$201,051 – $383,900$34,337 plus 24% of the amount over $201,050
32%$383,901 – $487,450$78,221 plus 32% of the amount over $383,900
35%$487,451 – $731,200$111,357 plus 35% of the amount over $487,450
37%$731,201 and over$196,669.50 plus 37% of the amount over $731,200
Head of Household
Ordinary Income Tax RateTaxable Income BracketTax on Ordinary Income
10%$0 – $16,55010% of the taxable income
12%$16,551 – $63,100$1,655 plus 12% of the amount over $16,550
22%$63,101 – $100,500$7,241 plus 22% of the amount over $63,100
24%$100,501 – $191,950$15,469 plus 24% of the amount over $100,500
32%$191,951 – $243,700$37,417 plus 32% of the amount over $191,150
35%$243,701 – $609,350$53,977 plus 35% of the amount over $243,700
37%$609,351 and over$181,954.50 plus 37% of the amount over $609,350
Married Filing Separately
Ordinary Income Tax RateTaxable Income BracketTax on Ordinary Income
10%$0 – $11,60010% of the taxable income
12%$11,601 – $44,275$1,160 plus 12% of the amount over $11,600
22%$47,151 – $100,525$5,426 plus 22% of the amount over $47,150
24%$100,526 – $182,100$17,168 plus 24% of the amount over $100,525
32%$191,951 – $243,725$39,110.50 plus 32% of the amount over $191,950
35%$243,726 – $365,600$55,678.50 plus 35% of the amount over $243,725
37%$365,601 and over$98,334.75 plus 37% of the amount over $365,600
Standard Deduction
Filing StatusStandard DeductionIf 65 and older or blind
Single$14,600Add $1,950
Married Filing Jointly$29,200Add $1,550 for each qualifying person
Head of Household$21,900Add $1,950
Married Filing Separately$14,600Add $1,550
2024 Capital Gains Tax Bracket Thresholds
Taxable Income
Capital Gains Tax RateSingle FilersMarried Filing Joint
0%$0 – $47,025$0 – $94,050
15%$47,026 – $518,900$94,051 – $583,750
20%$518,901 and more$583,751 and more
*NIIT = + 3.8%MAGI $200,000MAGI $250,000
*Net Investment Income Tax (NIIT) will apply when MAGI is $200,000 or more for Single filers and $250,000 for Married Filing Joint filers.
2024 Medicare Premiums (Individual Monthly Premiums)
Single Filers MAGI*Married Filing Joint MAGI*Part B Monthly Premium per recipientPart D Monthly Premium per recipientCombined Annual Amount per Individual
$103,000 or less$206,000 or less$174.70$55.50 (base premium)$2,762.40
$103,001 – $129,000$206,001 – $258,000$244.60base + $12.90$3,756.00
$129,001 – $161,000$258,001 – $322,000$349.40base + $33.30$5,258.40
$161,001 – $193,000<span data-sheets-root="1" data-sheets-value="{" data-sheets-userformat="{">$322,001 – $386,000$454.20base + $53.80$6,762.00
$193,001 – $499,999$386,001 – $749,999$559.00base + $74.20$8,264.40
$500,000 & Above$750,000 & Above$594.00base + $81.00$8,766.00
Premiums for current year are based on taxable income from 2 years prior (ie., 2024 premiums are based on 2022 tax return).
*MAGI is adjusted gross income (AGI) plus tax-exempt interest income.
In some cases, you may request a reconsideration of the initial determination. Appeals must be submitted in writing by completing Form SSA-561-U2 Request for Reconsideration. You can find the form here: www.ssa.gov/forms.
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