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Find out the federal income tax brackets and rates for 2024, adjusted for inflation by the IRS. See tables for single, joint, and head of household filers, as well as standard deduction and alternative minimum tax.
The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status.
Learn how tax brackets work and find the current and future tax rates for different filing statuses. See the 2023 and 2024 tax tables and compare them.
The IRS provides annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. See the standard deduction, marginal rates, Alternative Minimum Tax, Earned Income Tax Credit, and other amounts for 2024.
If you’re single with %75,000 in taxable income from 2024; your marginal—or top—tax rate is 22%. However, some of your income will be taxed in lower tax brackets: 10% and 12%.
Top Marginal Tax Rates. Your marginal tax rate determines what you pay when you receive the next dollar of income—it represents the highest tax rate you pay for the year. For the tax year 2024, the...
Find out the inflation-adjusted tax brackets and rates for 2024 and learn how marginal tax rates work. Compare the 2024 and 2023 tax brackets for different filing statuses and see...
The IRS has increased the federal income tax brackets and standard deductions for 2024 to adjust for inflation. Find out the new thresholds, rates and other changes for tax year 2024.
Find out how much tax you will pay and which tax rate applies to you based on your income and filing status. Enter your data and see a breakdown of your taxable income, deductions, credits, and tax brackets for the current or previous tax years.
Compare the federal income tax rates and brackets for the 2024 and 2023 tax years. See how inflation adjusts the income thresholds for each bracket and learn how marginal tax rates work.