Irs Income Tax Rates 2024. The internal revenue service adjusts federal income tax brackets annually to account for inflation, and the new brackets can help you estimate your tax obligation. Generally, these rates remain the same unless congress passes new.
You pay tax as a percentage of your income in layers called tax brackets. The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%.