2024 Tax Brackets Single Filing. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. See current federal tax brackets and rates based on your income and filing status.

The new tax regime also levies lower tax rates on the same gross income compared with tax liability calculated under the old tax regime. For example, if you’re a single tax filer who made $60,000 in 2023, you’ll pay a 10% tax on the first $11,000 you made, 12% of the amount ranging from $11,001.