Irs Releases New Income Tax Brackets For 2024

Irs Releases New Income Tax Brackets For 2024. The irs is introducing new income limits for its seven tax brackets, adjusting the thresholds to account for the impact of inflation. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income above $609,350 for single filers and above $731,200 for married couples filing jointly.

See current federal tax brackets and rates based on your income and filing status. There are seven income tax rates for the 2024 tax year, ranging from 10% to 37%.