2024 Tax Rates

Individuals

Tax Rate Single Filers Married Filing Jointly or Qualifying Widow/Widower Married Filing Separately Head of Household
10% Up to $11,600 Up to $23,200 Up to $11,600 Up to $16,550
12% $11,601 to $47,150 $23,201 to $94,300 $11,601 to $47,150 $16,551 to $62,100
22% $47,151 to $100,525 $94,301 to $201,050 $47,151 to $100,525 $63,101 to $100,500
24% $100,526 to $191,950 $201,051 to $383,900 $100,526 to $191,950 $100,501 to $191,950
32% $191,951 to $243,725 $383,901 to $487,450 $191,951 to $243,725 $191,951 to $243,700
35% $243,726 to $609,350 $487,451 to $731,200 $243,726 to $365,600 $243,701 to $609,350
37% $609,351 or more $731,201 or more $365,601 or more $609,351 or more

Estates & Trusts

Tax Rate Taxable Income
10% Up to $3,100
24% $3,101 to $11,150
35% $11,151 to $15,200
37% $15,201 or more

Corporations

Tax Rate Taxable Income
21% Flat rate applied to all income

Social Security Tax Rates

Base Salary $168,600
Social Security Tax Rate 6.20%
Medicare Base Salary Unlimited
Medicare Tax Rate 1.45%

Standard Deductions

Single $14,600
Married Filing Jointly $29,200
Married Filing Separately $14,600
Head of Household $21,900

Miscellaneous Tax Information

Child Tax Credit $2,000
Business Mileage Rate 67 cents
Medical Mileage Rate 21 cents
Charitable Mileage Rate 14 cents

2024 Due Dates

Return Form Due Date Extended Due Date
Individuals 1040 April 15 October 15
Partnerships/LLCs 1065 March 15 September 15
S-Corporations 1120S March 15 September 15
Corporations 1120 April 15 September 15
Estates/Trusts 1041 April 15 September 15
Not-for-profit 990 May 15 November 15
Employee Benefit 5500 July 15 November 1
W-2s January 31 N/A
1099s January 31 N/A

*Due dates may be different if you have a year-end other than December 31st