2024 Income Tax Brackets Nerdwallet. The federal income tax has seven tax rates in 2024: Most taxpayers pay a maximum 15% rate, but a 20% tax rate applies to the extent that taxable income exceeds the thresholds set for the 37% ordinary tax rate.
Curious about how much you may owe or get back when you file taxes in april 2025? A tax bracket describes a tax rate, or percentage, and the income range that gets taxed at that rate.
2024 Income Tax Brackets Nerdwallet Images References :