Income Tax Bracket 2024 Usa. The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%. The tax cuts and jobs act (tcja) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase.
In 2024, the first $11,600 of taxable income will fall into the 10% tax bracket, which means $600 of additional income will be taxed at 10%, instead of 12% in the. The federal income tax has seven tax rates in 2024:
