What Is The Tax Bracket For 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). Federal income tax rates for 2023 and 2024 the federal tax rates themselves haven’t changed from 2023 to 2024, since they’re not impacted by inflation from one year to the next.

The internal revenue service (irs) has designated seven federal tax brackets that apply to both the 2023 tax year (the taxes you file in april 2024) and the 2024 tax year. Based on your annual taxable income and filing status, your tax bracket.