2024 Income Tax Brackets Single. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). There are seven federal tax brackets for tax year 2024.
For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). The tax brackets and income phaseouts will be updated in irs publication 17, your federal income tax, and irs publication 970, tax benefits for education,.
2023 And 2024 Federal Income Tax Brackets And Tax Rates.
Hereโs how that works for a single person earning $58,000 per year:
2023 Income Tax Brackets By Filing Status:
The federal income tax has seven tax rates in 2024:
There Were No Changes To Personal Income Tax Rates Announced In The Budget.
