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In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
Tax rate. Single. Head of household. Married filing jointly or qualifying widow. Married filing separately. 10%. ... 2024 tax brackets (for taxes due April 2025 or October 2025 with an extension)
State individual income tax rates ... State Single filer rates > Brackets Married filing jointly rates > Brackets ... This page was last edited on 17 December 2024, ...
For example, in tax year 2024 the head of household 12% tax bracket is $63,100 (which is up from $59,850 in 2023) of taxable income compared with just $47,150 for single filers (which is up from ...
Marginal tax rate [10] Single Married filing jointly 10% Up to $9,525: Up to $19,050 12% ... This page was last edited on 7 December 2024, at 06:57 (UTC).
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").