Fed Tax Rates 2024

Fed Tax Rates 2024. The irs has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation. There are seven tax brackets for most ordinary income for the 2023 tax year:

10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. Income in america is taxed by the federal government, most state governments and many local governments.