Income Tax Brackets 2024 Single. When you are looking at the federal tax brackets, you are able to determine which tax rate applies to you for the current tax. There are seven federal tax brackets for tax year 2024, and the irs has increased its income limits by about 5.4% in 2024 for each bracket.

There are seven income tax rates for the 2024 tax year, ranging from 10% to 37%. As your income goes up, the tax rate on the next layer of.