Federal bracket thresholds is adjusted higher in 2024 by 4.7%.

• The 33.0% tax rate begins at taxable income of over $246,752, up from $235,675 in 2023.
• The 29.0% tax rate begins at taxable income of over $173,205 up from $165,430 in 2023.
• The 26.0% tax rate begins at taxable income of over $111,733 up from $106,717 in 2023.
• The 20.5% tax rate begins at taxable income of over $55,867, up from $53,359 in 2023.
• Income up to $55,867 is taxed at 15.0%.

• The 33.0% tax rate begins at taxable income of over  $235,675.
• The 29.0% tax rate begins at taxable income of over $165,430.
• The 26.0% tax rate begins at taxable income of over $106,717.
• The 20.5% tax rate begins at taxable income of over $53,359.
• Income up to $53,359 is taxed at 15.0%.