Tax Brackets 2024 Single. Your taxable income is your income after various deductions, credits, and exemptions have been applied. Tax brackets and tax rates.
In 2024, the first $11,600 of taxable income will fall into the 10% tax bracket, which means $600 of additional income will be taxed at 10%, instead of 12% in the. There are seven federal tax brackets for tax year 2024.