Tax Bracket 2024 Iras. For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. You pay tax as a percentage of your income in layers called tax brackets.
Below, cnbc select breaks down the updated tax brackets for 2024 and. The tax brackets for the 2024 tax year, set by the 2017 tax cuts and jobs act, aren’t changing, but the cutoffs for each band of taxation will shift higher.