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.