Shir Yvette

Tax Brackets 2024 Single Filing. For 2024, the irs made adjustments to federal income tax brackets to account for inflation, including raising the standard deduction to $14,600 (up from $13,850) for single filers. 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%.

Meanwhile, the lowest threshold of. That means, for 2024, you’ll pay 10% on your first $23,200, then 12% on dollars 23,201 to 94,300, and so on.