2024 Tax Brackets Single Irs. 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%. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).
When your income jumps to a higher tax bracket, you don’t pay the higher rate. The top marginal income tax rate of 37 percent will hit.