2024 Tax Brackets Single. Federal income tax is calculated based on seven tax brackets, which depend on the taxpayer’s income and tax filing status. The average income tax rate in 2021 was 14.9 percent.
The 2024 tax year features seven federal tax bracket percentages: The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons:
The 2024 Tax Year Features Seven Federal Tax Bracket Percentages:
The 12% rate starts at $11,001.
The Average Income Tax Rate In 2021 Was 14.9 Percent.
How many tax brackets are there?
10%, 12%, 22%, 24%, 32%, 35% And 37% (There Is Also A Zero Rate ).
Images References :
10%, 12%, 22%, 24%, 32%, 35% And 37% (There Is Also A Zero Rate ).
How much income tax you pay in each tax year depends on:
The Average Income Tax Rate In 2021 Was 14.9 Percent.
Find the current tax rates for other filing statuses.
The Seven Federal Tax Bracket Rates Range From 10% To 37% 2023 Tax Brackets And Federal Income Tax.