Tax Brackets 2024 Australia Married Jointly. From july 1, 2024, the 19% tax rate will reduce to 16%, and the 32.5% rate to 30%. It is mainly intended for residents of the u.s.

The income tax calculator estimates the refund or potential owed amount on a federal tax return. The 37% tax threshold will increase from $120,000 to $135,000, and the 45% threshold.