2024 Tax Brackets Single. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. If you have $11,800 in taxable income in 2024, the first $11,600 is subject to the 10% rate and the remaining $200 is subject to the tax rate of the next bracket (12%).

For example, for the 2024 tax year, the 22% tax bracket range for single filers is. The internal revenue service (irs) has released adjustments to tax brackets for 2024, adding thousands of dollars to most marginal tax brackets, and potentially protecting more of your income from taxes next year.