What Tax Bracket Am I In 2024

What Tax Bracket Am I In 2024. As your income goes up, the tax rate on the next layer of income is higher. In 2024, the federal income tax rates consist of seven brackets:


What Tax Bracket Am I In 2024

Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate. You pay tax as a percentage of your income in layers called tax brackets.

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