Us Income Tax Brackets 2024

Us Income Tax Brackets 2024. Since the total of $90,000 is at the 0% tax bracket, there is no tax. Each bracket applies to a different taxable income threshold, and the corresponding percentages represent the tax rate you’ll pay.

The federal tax rates themselves haven’t changed from 2023 to 2024, since they’re not impacted by inflation from one year to the next. Altogether, there are seven federal income tax rates, which were established by the passage of the 2017 tax cuts and jobs act.