Tax Brackets 2024 Married Filing Jointly With Partner. The alternative minimum tax exemption amount for tax year 2024 is $85,700 and begins to phase out at $609,350 ($133,300 for married couples filing jointly for whom the exemption begins to phase out at $1,218,700). Here’s how that works for a single person earning $58,000 per year:

Here’s how that works for a single person earning $58,000 per year: For example, if your filing status is married filing jointly and your taxable income is $115,000, your tax bracket is 22%.