What Are The Tax Brackets For 2024 Single. In 2024, a single filer making $48,000 of taxable income pays a 10% tax rate on $11,600 of their earnings, a 12% tax rate on the portion of the earnings between $11,601 and $47,150, and a. The federal income tax has seven tax rates in 2024:
What are the federal tax brackets for 2023 (for filing in 2024)? The internal revenue service (irs) has released adjustments to tax brackets for 2024, adding thousands of dollars to most marginal tax brackets, and potentially protecting more of your income from taxes next year.