2023-2024 Tax Brackets and Federal Income Tax Rates
Savings Corner
DECEMBER 24, 2023
The beauty of tax brackets is that no matter which bracket you’re in, you won’t pay that tax rate on your entire income. The total bill would be about $6,300 — about 13% of your taxable income, even though you’re in the 22% bracket. Your state might have different brackets, or it might altogether use a different system.
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