Us Tax Brackets 2024 Married Jointly 2024. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. A good rule of thumb is to send in 25% of the net income as an estimated payment (10% for the lowest federal income tax bracket, and 15% for the ss and.

You pay tax as a percentage of your income in layers called tax brackets. It is mainly intended for residents of the u.s.