2023-2024 Tax Brackets and Federal Income Tax Rates
Savings Corner
DECEMBER 24, 2023
How income tax brackets work 1. The total bill would be about $6,300 — about 13% of your taxable income, even though you’re in the 22% bracket. State income taxes may work differently than federal income taxes States may handle taxes differently than the federal government. plus 37% of the amount over $609,350.
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