Tax Bracket 2024 Married Filing Jointly. You can use our federal tax brackets calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax. Roughly the first $23,000 of that income will be taxed in the first bracket.
As your income goes up, the tax rate on the next layer of income is higher. Suppose youโre married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains.