Taxable Income Tax Brackets 2024. The tax rates continue to increase as someone’s income moves into higher brackets. 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%.

The tax items for tax year 2024 of greatest interest to most. The tax rates continue to increase as someone’s income moves into higher brackets.