2024 Married Filing Jointly Tax Brackets. For tax year 2023 (which are due in 2024) if a couple files taxes jointly, their standard deduction would be $27,700. The standard deduction is the fixed amount the irs allows you to deduct from your annual income.

For example, if your filing status is married filing jointly and your taxable income is $115,000, your tax bracket is 22%. Taxpayers whose net investment income exceeds the irs limit ($200,000 for an individual taxpayer, $250,000 married filing jointly, or $125,000 married filing separately) are subject to a 3.8% net.