Tax Brackets 2024-23. The federal income tax has seven tax rates in 2024: Plan your 2024 finances with this tax guide for filing rates, deductions, exemptions, retirement limits, hsas, payroll tax, estates, and more.
10% for incomes of single individuals with incomes of $11,600 or less ($23,200 for married couples filing jointly) 12% for incomes over $11,600. Here is the main breakdown: