2024 Income Tax Brackets And Tax Rate

2024 Income Tax Brackets And Tax Rate. 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: Here are the latest income tax slabs that will be effective for the current financial year after budget 2024.

For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). Get the information about the old and new income tax slabs for individuals, senior citizens and super senior.