Tax Brackets 2024 Single Person. Given many people are interested in the changes, we wanted to include the latest tax bracket. Plus, there's good news for savers:
For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%. The internal revenue service adjusts federal income tax brackets annually to account for inflation, and the new brackets can help you estimate your tax obligation.