Income Tax Brackets 2024 Philippines Married Jointly. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).

1) income brackets were streamlined and reduced to just six (6) from seven (7) brackets; For example, if your filing status is married filing jointly and your taxable income is $115,000, your tax bracket is 22%.