BlogsTax BracketsUnderstanding tax brackets is crucial for effective financial planning and compliance. Here, you'll find up-to-date information on the latest tax brackets for the current financial year. Navigating through these brackets will help you make informed decisions and optimize your tax strategies. Explore our easy-to-navigate resources to stay informed and empowered in managing your finances efficiently.
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| Tax Rate | Single | Married filing jointly | Married filing separately | Head of household |
|---|---|---|---|---|
| 10.00% | $0 - $11600 | $0 - $23200 | $0 - $11600 | $0 - $16550 |
| 12.00% | $11601 - $47150 | $23201 - $94300 | $11601 - $47150 | $16551 - $63100 |
| 22.00% | $47151 - $100525 | $94301 - $201050 | $47151 - $100525 | $63101 - $100500 |
| 24.00% | $100526 - $191950 | $201051 - $383900 | $100526 - $191950 | $100501 - $191950 |
| 32.00% | $191951 - $243725 | $383901 - $487450 | $191951 - $243725 | $191951 - $243700 |
| 35.00% | $243726 - $609350 | $487451 - $731200 | $243726 - $365600 | $243701 - $609350 |
| 37.00% | $609351 - and above | $73120 - and above | $365601 - and above | $609350 - and above |
| Income | Tax |
|---|---|
| R0 - R237100 | 18% |
| R237101 - R370500 | 26% |
| R370501 - R512800 | 31% |
| R512801 - R673000 | 36% |
| R673001 - R857900 | 39% |
| R857901 - R1817000 | 41% |
| R1817001 and above | 45% |
| Income | Tax |
|---|---|
| £0 - £12570 | 0% |
| £12571 - £50270 | 20% |
| £50271 - £125140 | 40% |
| £125140 and above | 45% |
| Income | Tax |
|---|---|
| €0 - €11294 | 0% |
| €11294 - €28797 | 11% |
| €28797 - €82341 | 30% |
| €82341 - €177106 | 41% |
| €177106 and above | 45% |
| Tax Rate | Single and widowed person: no dependent children | Married couple: one income | Married couple: two incomes |
|---|---|---|---|
| 20.00% | €0 - €42000 | €0 - €51000 | €0 - €84000 |
| 40.00% | €42001 - and above | €51001 - and above | €84001 - and above |