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Leonard Golub, CFA, MBA
Fiduciary Advisor
3355 West Alabama Street
Suite 275
Houston, TX 77098
713-874-1444
info@newcapitalmgmt.com
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November 27, 2023

2024 Key Numbers
 

2024 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates)

Single taxpayers

If taxable income is:Your tax is:
Not over $11,600 10% of taxable income
Over $11,600 to $47,150 $1,160 + 12% of the excess over $11,600
Over $47,150 to $100,525 $5,426 + 22% of the excess over $47,150
Over $100,525 to $191,950 $17,168.50 + 24% of the excess over $100,525
Over $191,950 to $243,725 $39,110.50 + 32% of the excess over $191,950
Over $243,725 to $609,350 $55,678.50 + 35% of the excess over $243,725
Over $609,350 $183,647.25 + 37% of the excess over $609,350

Married filing jointly and surviving spouses

If taxable income is:Your tax is:
Not over $23,200 10% of taxable income
Over $23,200 to $94,300 $2,320 + 12% of the excess over $23,200
Over $94,300 to $201,050 $10,852 + 22% of the excess over $94,300
Over $201,050 to $383,900 $34,337 + 24% of the excess over $201,050
Over $383,900 to $487,450 $78,221 + 32% of the excess over $383,900
Over $487,450 to $731,200 $111,357 + 35% of the excess over $487,450
Over $731,200 $196,669.50 + 37% of the excess over $731,200

Married individuals filing separately

If taxable income is:Your tax is:
Not over $11,600 10% of taxable income
Over $11,600 to $47,150 $1,160 + 12% of the excess over $11,600
Over $47,150 to $100,525 $5,426 + 22% of the excess over $47,150
Over $100,525 to $191,950 $17,168.50 + 24% of the excess over $100,525
Over $191,950 to $243,725 $39,110.50 + 32% of the excess over $191,950
Over $243,725 to $365,600 $55,678.50 + 35% of the excess over $243,725
Over $365,600 $93,334.75 + 37% of the excess over $365,600

Heads of household

If taxable income is:Your tax is:
Not over $16,550 10% of taxable income
Over $16,550 to $63,100 $1,655 + 12% of the excess over $16,550
Over $63,100 to $100,500 $7,241 + 22% of the excess over $63,100
Over $100,500 to $191,950 $15,469 + 24% of the excess over $100,500
Over $191,950 to $243,700 $37,417 + 32% of the excess over $191,950
Over $243,700 to $609,350 $53,977 + 35% of the excess over $243,700
Over $609,350 $181,954.50 + 37% of the excess over $609,350

Trusts and estates

If taxable income is:Your tax is:
Not over $3,100 10% of taxable income
Over $3,100 to $11,150 $310 + 24% of the excess over $3,100
Over $11,150 to $15,200 $2,242 + 35% of the excess over $11,150
Over $15,200 $3,659.50 + 37% of the excess over $15,200
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The information contained herein is based on sources believed to be reliable, but its accuracy cannot be guaranteed. The articles, information, calculators, and opinions presented herein are for general information only and are not intended to provide specific advice or recommendations for any individual. New Capital Management does not provide tax, accounting, or legal advice. All decisions regarding the tax or legal implications of your investments and finances should be made with your tax or legal advisor. New Capital Management is not a bank, mortgage lender, or broker. Nothing herein should be construed as an offer or commitment to lend. Any calculations are provided as educational tools, are hypothetical in nature, depend wholly on information you provide, do not assume the effects of all pertinent factors, and are not intended to provide investment advice or serve as a financial plan.



This communication is strictly intended for individuals residing in the state(s) of TX. No offers may be made or accepted from any resident outside the specific states referenced.

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