2024 Tax Brackets Single
2024 Tax Brackets Single. The federal income tax has seven tax rates in 2024: 2024 federal income tax brackets and rates in 2024, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1).
Single filers/ married filing separate (mfs) married individuals filing jointly/ qualifying surviving spouses: Tax rate taxable income (single) taxable income (married filing jointly) 10%: For example, a single taxpayer earning $35,000 a year in taxable income will span two tax brackets: