Tax Bracket 2024 Single Filers. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate. If you have $11,800 in taxable income in 2024, the first $11,600 is subject to the 10% rate and the remaining $200 is subject to the tax rate of the next bracket (12%).
Tax Bracket 2024 Single Filers Images References :