Tax Brackets 2024 Individual. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: Understanding how your income falls into different tax brackets can help with tax planning.
Previous year income tax rates. 2024 federal income tax rates.
See Current Federal Tax Brackets And Rates Based On Your Income And Filing Status.
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10%, 12%, 22%, 24%, 32%, 35% And 37%.
For tax years 2023 and 2024, which apply to taxes filed in 2024 and 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%.
The Current Tax Year Is From 6 April 2024 To 5 April 2025.
The 2023 Tax Year—Meaning The Return You’ll File In 2024—Will Have The Same Seven Federal Income Tax Brackets As The Last Few Seasons:
There are seven tax brackets for most ordinary income for the 2023 tax year:
For Tax Year 2024, The Top Tax Rate Remains 37% For Individual Single Taxpayers With Incomes Greater Than $609,350 ($731,200 For Married Couples Filing.