Irs Tax Rates 2024 Table. Explore the 2024 federal income tax brackets and rates. Instead, the irs assigns your income to brackets with tax rates that increase as you earn more money.

In 2024, a single filer making $48,000 of taxable income pays a 10% tax rate on $11,600 of their earnings, a 12% tax rate on the portion of the earnings between $11,601 and $47,150, and a 22%. The irs has released the annual inflation adjustments for 2024 for the income tax rate tables, plus more than 60 other tax provisions.