2024 Tax Rates By Income Usa

2024 Tax Rates By Income Usa. The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%. Find out the seven tax brackets for most ordinary income for the 2023 and 2024 tax years, and how they affect your effective tax rate.

The income thresholds for each bracket, though, are adjusted slightly every year for inflation. The irs provides annual adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes.