2024 Tax Brackets Nerd Wallet

2024 Tax Brackets Nerd Wallet. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). There are seven different income tax rates:

10%, 12%, 22%, 24%, 32%, 35% and 37%. Knowing your federal tax bracket is essential, as it determines your federal income tax rate for the year.