Friday, November 29, 2024

2024 Tax Brackets

2024 tax Brackets Single/Married filing jointly $0 to $11,600 $0 to $23,200 12% $. 11,601 to $47,150 $23,201 to $94,300 22% $47,151 to $100,525/ $94,301 to $201,050 24% $100,526 to $191,950 $201,051 to $301,000

Trump's new tax ideas

Former President Donald Trump has floated several tax policy ideas, including extending the expiring 2017 Tax Cuts and Jobs Act (TCJA) changes, bringing back the deduction for state and local taxes (SALT), reducing the corporate tax rate for domestic production, exempting various types of income from the income tax, repealing green energy tax credits, and imposing steep new tariffs.