2024 Income Tax Brackets Single

2024 Income Tax Brackets Single. For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%. Here's a table and other things to keep in mind.

For 2024, the lowest rate of 10% will apply to individuals with taxable income up to $11,600 and joint filers up to $23,200. The irs has released higher federal tax brackets for 2024 to adjust for inflation.