2024 Income Tax Brackets And Tax Rate

2024 Income Tax Brackets And Tax Rate. As your income goes up, the tax rate on the next layer of income is higher. The above income tax slabs table is applicable for individuals below 60 years of age.

For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. As your income goes up, the tax rate on the next layer of income is higher.