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BELNAVIS - CPA, EA
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  • Home
  • Services
    • Services
    • File Your Taxes Online
  • About Us
    • Contact Us
    • About BELNAVIS
  • Individual Tax Resources
    • 2025 Tax Brackets & Rates
    • 2024 Tax Brackets & Rates
    • 2023 Tax Brackets & Rates
    • Estimated Tax Payments
    • Paying your Taxes
    • Penalty Relief
    • Beware of Tax Penalties
  • Business Tax Resources
    • BOI Reporting
    • Sch. C Business Expenses
    • Business Use of Home
    • Its Hobby or a Business?
    • Grants for Businesses
  • Other Tax Resources
    • State Department Contacts
    • 2023 Tax Calendar
    • 2024 Tax Calendar
    • 2025 Tax Calendar
  • Tax Resources

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2024 Tax Brackets and Rates

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2024 Federal Tax Brackets

2024 Earn Income Tax Credit for Single and Head of Home

2024 Capital Gains Tax Rate

 

  • Single Filers
  • Married Filing Jointly
  • Married Filing Separate
  • Head of Household

2024 Capital Gains Tax Rate

2024 Earn Income Tax Credit for Single and Head of Home

2024 Capital Gains Tax Rate

 

  • Single
  • Married Filing Jointly
  • Married Filing Separate
  • Head of Household

2024 Earn Income Tax Credit for Single and Head of Home

2024 Earn Income Tax Credit for Single and Head of Home

2024 Earn Income Tax Credit for Single and Head of Home

  • No Children 
  • One Child
  • Two Children 
  • Three or more children

2024 Earn Income Tax Credit for Married Filing Jointly

2024 Earn Income Tax Credit for Married Filing Jointly

2024 Earn Income Tax Credit for Married Filing Jointly

  • No Children 
  • One Child
  • Two Children 
  • Three or more children

2024 Standard Deduction and Personal Exemption

2024 Earn Income Tax Credit for Married Filing Jointly

2024 Earn Income Tax Credit for Married Filing Jointly

 

  • Single
  • Married Filing Jointly
  • Married Filing Separate
  • Standard Deduction Increase 

2024 Child/Dependent Tax Credit

2024 Qualified Business Income Deduction Threshold

2024 Qualified Business Income Deduction Threshold

  • Tax Credit per qualifying Child 
  • Dependent Credit for qualifying Dependent 

2024 Qualified Business Income Deduction Threshold

2024 Qualified Business Income Deduction Threshold

2024 Qualified Business Income Deduction Threshold

  • Single Individual
  • Married filing jointly 

2024 Federal Tax Brackets and Rates

2024 Federal Tax Brackets and Rates for Single Filers

Up to $11,600

10%

10% of taxable income 

$11,600 to $47,150

12%

$1,100 plus 12% of the amount over $11,600

$47, 150 to $100,525

22%

$5,147 plus 22% of the amount over $47,150

$100,525 to $191,950

24%

$16,290 plus 24% of the amount over $100,525

$191,950 to $243,725

32%

$37,104 plus 32% of the amount over $191,950

$243,725 to $609,350

35%

$52,832 plus 35% of the amount over $243,725

$243,725, or more

37%

$174,238.25 plus 37% of the amount over $609,350

2024 Federal Tax Brackets & Rates for married couples filing

2024 Federal Tax Brackets and Rates for Married Couples filing Jointly

Up to $23,200

10%

10% of taxable income 

$23,200 to $94,300

12%

$2,200 plus 12% of the amount over $23,200

$94,300 to $201,050

22%

$10,294 plus 22% of the amount over $94,300

$201,050 to $383,900

24%

$32,580 plus 24% of the amount over $201,050

$383,900 to $487,450

32%

$74,208 plus 32% of the amount over $383,900

$487,450 to $731,200

35%

$105,664 plus 35% of the amount over $487,450

$731,200or more

37%

$168,993.50 plus 37% of the amount over $731,200

2024 Federal Tax Brackets & Rates married, filing separaTELY

2024 Federal Tax Brackets and Rates for Married, filing separately

$0 to $11,600

10%

10% of taxable income 

$11,600 to $47,150

12%

$1,100 plus 12% of the amount over $11,600

$47,150 to $100,525

22%

$5,147 plus 22% of the amount over $47,150

$100,525 to $191,950

24%

$16,290 plus 24% of the amount over $100,525

$191,950 to $243,725

32%

$37,104 plus 32% of the amount over $191,950

$243,725 to $609,350

35%

$52,832 plus 35% of the amount over $243,725

$609,350 or more

37%

$93,300.75 plus 37% of the amount over $609,350

BACK TO TOP

2024 Federal Tax Brackets & Rates for head of housholds

2024 Federal Tax Brackets and Rates for Head of Households

$0 to $16,550

10%

10% of taxable income

$16,550 to $63,100

12%

$1,570 plus 12% of the amount over $16,550

$63,100 to $100,500

22%

$6,868 plus 22% of the amount over $63,100

$100,500 to $191,950

24%

$14,678 plus 24% of the amount over $100,500

$191,950 to $243,700

32%

$35,498 plus 32% of the amount over $191,950

$243,700 to $609,350

35%

$51,226 plus 35% of the amount over $243,700

$731,200 or more

37%

$172,623.50 plus 37% of the amount over $731,200

2024 Capital Gains Tax Rates single filers

2024 Capital Gains Tax Rates for Single Filers

$0 to $47,025

0%

$47,025 to $518,900

15%

$518,900 and Over

20%

2024 Capital Gains Tax Rates for married and filing jointly

2024 Capital Gains Tax Rates for Married filing Jointly

$0 to $94,050

0%

$94,050 to $583,750

15%

$583,750 and Over

20%

2024 Capital Gains Tax Rates for married and filing separate

2024 Capital Gains Tax Rates for Married, filing separately

$0 to $47,025

0%

$47,025 to 518,900

15%

$518,900 and Over

20%

2024 Capital Gains Tax Rates for head of household

2024 Capital Gains Tax Rates for Head of Household

$0 to 63,000

0%

$63,000to 551,350

15%

$551,350 and Over

20%
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2024 Earned Income Tax Credit Parameters

2024 EIC for Single and Head of Household

Maximum Earned Income Credit

No Children

$632

Adjusted Gross Income at max credit:  $8,260

Phase-out Bracket: $10,330 - $18,591


One Child

$4,213

Adjusted Gross Income at max credit:  $12,390

Phase-out Bracket:  $22,720 - $49,084

Two children

$6,960

Adjusted Gross Income at max credit:  $17,400

Phase-out Bracket:   $22,720 -  $55,768

Three or more Children

$7,830

 
Adjusted Gross Income at max credit:  $17,400

Phase-out Bracket:  $22,720 -  $59,899
 

2024 EARNED INCOME TAX for married filing jointly

2024 EIC for Married Filing Jointly

Maximum Earn Income Credit

No Children

$632

Adjusted Gross Income at max credit: $8,260 

Phase-out Bracket:  $17,250 - $25,511

One Child

$4,213

Adjusted Gross Income at max credit: $12,390

Phase-out Brackets:  $29,640 - $56,004

Two children

$6,960

Adjusted Gross Income at max credit: $17,400

Phase-Out Brackets:  $29,640 - $62,688

Three or more Children

$7,830

Adjusted Gross Income at max credit: $17,400

Phase-out Brackets:  $29,640  -  $66,819

2024 Standard Deduction and Personal Exemption

2024 Standard Deduction and Personal Exemption

Single / Married Filing Separately

$14,600

Married Filing Jointly

$29,200

Head of Household

$21,900

2024 child tax/dependent tax credit

2024 Child/Dependent Tax Credit

Tax Credit per qualifying child

$2,000

Dependent Credit for qualifying Dependents

$500

2024 Qualified Business income deduction threshold

2024 Qualified Business Income Deduction Threshold

Single Individuals

$191,950

Married Filing Jointly

$383,900
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