Tax Information & News
Financial Information that Impacts You
Key Financial Data for 2024
2024 tax rates
|
Taxable Income($) |
Base tax ($) |
Plus |
Marginal tax rate |
Of the amount over ($) |
|
Single |
|
|
|
|
|
0 to 11,600 |
|
+ |
10.00% |
|
|
11,601 to 47,150 |
1,160.00 |
+ |
12.00% |
11,600 |
|
47,151 to 100,525 |
5,426.00 |
+ |
22.00% |
47,150 |
|
100,526 to 191,950 |
17,168.50 |
+ |
24.00% |
100,525 |
|
191,951 to 243,725 |
39,110.50 |
+ |
32.00% |
191,950 |
|
243,726 to 609,350 |
55,678.50 |
+ |
35.00% |
243,725 |
|
Over 609,350 |
183,647.25 |
+ |
37.00% |
609,350 |
|
|
|
|
|
|
|
Married filing joint |
|
|
|
|
|
0 to 23,200 |
|
+ |
10.00% |
|
|
23,201 to 94,300 |
2,320.00 |
+ |
12.00% |
23,200 |
|
94,301 to 201,050 |
10,852.00 |
+ |
22.00% |
94,300 |
|
201,051 to 383,900 |
34,337.00 |
+ |
24.00% |
201,050 |
|
383,901 to 487,450 |
78,221.00 |
+ |
32.00% |
383,900 |
|
487,451 to 731,200 |
111,357.00 |
+ |
35.00% |
487,450 |
|
Over 731,200 |
196,669.50 |
+ |
37.00% |
731,200 |
|
|
|
|
|
|
|
Head of Household |
|
|
|
|
|
0 to 16,550 |
|
+ |
10.00% |
|
|
16,551 to 63,100 |
1,655.00 |
+ |
12.00% |
16,550 |
|
63,101 to 100,500 |
7,241.00 |
+ |
22.00% |
63,100 |
|
100,501 to 191,950 |
15,469.00 |
+ |
24.00% |
100,500 |
|
191,951 to 243,700 |
37,417.00 |
+ |
32.00% |
191,950 |
|
243,701 to 609,350 |
53,977.00 |
+ |
35.00% |
243,700 |
|
Over 609,350 |
181,954.50 |
+ |
37.00% |
609,350 |
|
|
|
|
|
|
|
Married filing separately |
|
|
|
|
|
|
|
|
|
|
|
0 to 11,600 |
|
+ |
10.00% |
|
|
11,601 to 47,150 |
1,160.00 |
+ |
12.00% |
11,600 |
|
47,151 to 100,525 |
5,426.00 |
+ |
22.00% |
47,150 |
|
100,526 to 191,950 |
17,168.50 |
+ |
24.00% |
100,525 |
|
191,951 to 243,725 |
39,110.50 |
+ |
32.00% |
191,950 |
|
243,726 to 365,600 |
55,678.50 |
+ |
35.00% |
243,725 |
|
Over 365,600 |
98,334.75 |
+ |
37.00% |
365,600 |
| Gift and Estate Tax Exclusion | |
| Annual Gift Tax Exclusion $18,000 | |
| Estate, gift & GST exclusions $13,610,000 | |
| 2024 HSA (Health Savings Accounts) | |
| Contribution LImits | |
| Single $4,150 | |
| Family $8,300 | |
| Plan Required Minimum Deductible | |
| Single $1,600 Out of pocket maximum $8,050 | |
|
Family $3,200 Out of pocket maximum $16,100 |
|
|
Catch-up for 55 and older $1,000
|
|
| Retirement Plan Contribution Limits | |
| 401(k), 403(b), 457(b), Roth 401(k) plans elective deferrals | $23,000 |
| Catch-up provision for individuals 50 and over | $7,500 |
| SIMPLE plans, elective deferrals | $16,000 |
| Catch-up contributions for 50 and over (SIMPLE) | $3,500 |
| Defined-contribution plans, basic limit | $69,000 |
| Defined-benefit plans, basic limit | $275,000 |
| Individual Retirement Accounts (IRAs) | |
| Traditional deductible, nondeductible and Roth | $7,000 |
| Catch-up provision for over 50 | $1,000 |
Refund Status
Check the status of your refund:
Newsletter
In progress
Categories
Finance
Taxes
Accounting
Business
Contact Us
Our friendly team of experts is here to serve you with your tax and accounting needs. Contact us today!
Address
4160 24th Ave S, Suite 100
Fargo, ND 58104
Phone
© 2022 SecurEdge
All Rights Reserved
