Tax Brackets In Usa 2024. There are seven tax brackets for 2023 and 2024 taxes ranging from 10% to 37%. For example, a hypothetical single filer would owe 10% on the first $11,600 of taxable income in 2024 whether that amount represents their total earnings, or they earn $1.

The internal revenue service (irs) has designated seven federal tax brackets that apply to both the 2023 tax year (the taxes you file in april 2024). Tax brackets result in a progressive tax system, in which taxation progressively.