Irs Tax Rates 2024. The federal income tax has seven tax rates in 2024: The irs has also announced new tax brackets for the 2024 tax year, for taxes you’ll file in april 2025 — or october 2025 if you file an extension.
For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%. Below, cnbc select breaks down the updated tax brackets for 2024 and.