Us Income Tax Brackets 2024 Married Jointly. The next tax bracket is 12% of taxable income levels between $11,601 to $47,150. Knowing your federal tax bracket is essential, as it determines your federal income tax rate for the year.

For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Here are the tax brackets for tax years 2023 and 2024, and how you can figure out which tax bracket you fit into.