What tax bracket is my salary in?
When you find your income tax rate, first check your tax filing status. You may be single, married filing jointly, a qualifying surviving spouse, married filing separately, or head of household.
Once you figure out your tax filing status, the next thing you have to check is which income brackets you fall under.
After that, you can already get your income tax rates.
Here are the income tax rates for the 2024 tax filing period:
| Income Tax Rate | Single Taxpayers | Married filing jointly or qualifying surviving spouse | Married filing separately | Head of Household |
| 10% | $0 to $11,600 | $0 to $23,300 | $0 to $11,600 | $0 to $16,550 |
| 12% | $11,601 to $47,150 | $23,301 to $94,300 | $11,601 to $47,150 | $16,551 to $63,100 |
| 22% | $47,151 to $100,525 | $94,301 to $201,050 | $47,151 to $100,525 | $63,101 to $100,500 |
| 24% | $100,526 to $191,950 | $201,051 to $383,900 | $100,526 to $191,950 | $100,501 to $191,950 |
| 32% | $191,951 to $243,725 | $383,901 to $487,450 | $191,951 to $243,725 | $191,951 to $243,700 |
| 35% | $243,726 to $609,350 | $487,451 to $731,200 | $243,726 to $365,600 | $243,701 to $609,350 |
| 37% | $609,351 or more | $731,201 or more | $365,601 or more | $609,351 or more |
Source: Internal Revenue Service, “Revenue Procedure 2023-34.”
How do I calculate my income tax?
When you calculate your income tax, remember to use the tax rates for each income bracket you belong to. You should apply these tax rates to the portions of your income that fall under the respective brackets. Here’s an example:
If your taxable income is $100,000 , then the tax rates you will use are 10%, 12%, and 22%.
Frequently Asked Questions
What is the deadline for filing federal income tax forms?
The deadline for filing federal income tax forms for the 2024 tax season is on April 15, 2025.
How do I ask for a tax filing extension?
If you need more time to file your taxes, submit Form 4868 by the tax deadline.
What is my tax bracket if I make $60,000?
If your taxable income is $60,000, then your top tax bracket will be 22% if you are single.
How much federal tax should I pay if I make $75,000 a year?
If your taxable income is $75,000, then your top tax bracket will be 22% if you are single.
How to reduce your taxable income?
Here are several ways to reduce your taxable income:
- Plan throughout the year.
- Contribute to your retirement accounts.
- Contribute to your HSA.
- If older than 70.5 y/o, consider QCD.
- Maximize deductions.
- Leverage available tax credits.
- Try tax-loss harvesting.
- Harvest capital gains
- Ask your financial advisor for tips
