2024 Income Tax Brackets And Deductions For. You pay tax as a percentage of your income in layers called tax brackets. Your taxable income and filing status determine both the tax rate and bracket that apply to you, outlining the amount you'll owe on different portions of your income.
10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. There are seven (7) tax rates in 2024.
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