Tax Brackets 2024 Vs 2024 Single. For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Instead, the 2024 tax brackets are tied to marginal tax rates.
There are seven tax brackets for most ordinary income for the 2023 tax year: For example, assume a hypothetical taxpayer who is married with $150,000 of joint income in 2024 and claiming the standard deduction of $29,200.