There are seven federal tax brackets for the 2024 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status. These are the rates for taxes due in April 2025.
Enter your tax year filing status and taxable income to calculate your estimated tax rate.
Tax Bracket Calculator
2024 Tax Brackets and Federal Income Tax Rates
Tax Rate
Single Filers
Married Filing Jointly or Qualifying Widow(er)
Married Filing Separately
Head of Household
10%
$0 to $11,600
$0 to $23,200
$0 to $11,600
$0 to $16,550
12%
$11,601 to $47,150
$23,201 to $94,300
$11,601 to $47,150
$16,551 to $63,100
22%
$47,151 to $100,525
$94,301 to $201,050
$47,151 to $100,525
$63,101 to $100,500
24%
$100,526 to $191,950
$201,051 to $383,900
$100,526 to $191,950
$100,501 to $191,950
32%
$191,951 to $243,725
$383,901 to $487,450
$191,951 to $243,725
$191,951 to $243,700
35%
$243,726 to $609,350
$487,451 to $731,200
$243,726 to $365,600
$243,701 to $609,350
37%
$609,351 or more
$731,201 or more
$365,601 or more
$609,351 or more
FAQs
A tax bracket is a range of income that is taxed at a specific rate. The U.S. tax system uses a progressive approach, so as your income increases, the tax rate applied to higher portions of your income increases as well.
Need help understanding your tax bracket?
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To use the calculator, simply enter your filing status (Single, Married Filing Jointly, or Head of Household) and your taxable income for 2024. The tool will instantly display your federal tax bracket and an estimate of your tax rate.
Unsure how your income affects your tax bracket?
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Knowing your tax bracket helps you understand how much of your income is taxed at different rates. This knowledge is crucial for planning your finances and making informed decisions about tax-saving strategies.
Want to know how to reduce your tax liability?
Our team at NexGen Taxes can help you identify strategies to minimize your taxes. Contact us for expert tax planning!
The marginal tax rate is the rate you pay on the last dollar of income you earn, while your effective tax rate is the average rate you pay on all of your income.
Not sure how to calculate your effective tax rate?
Let NexGen Taxes help you understand how to optimize your tax situation. Reach out to us now!
Yes, tax deductions such as contributions to retirement plans or mortgage interest can lower your taxable income, potentially reducing your tax bracket and the amount you owe in taxes.
Confused about deductions?
Our tax professionals at NexGen Taxes can help you identify which deductions you qualify for and how they can benefit you. Book a consultation today!
Yes, the tax brackets are different based on whether you are filing as Single, Married Filing Jointly, or Head of Household. Married couples, for example, have higher income thresholds for each tax rate.
Wondering which filing status is best for you?
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The 2024 tax brackets typically apply to your taxable income, which includes wages, salary, bonuses, interest, and dividends. However, some income types, like long-term capital gains, may be taxed at different rates.
Need help understanding your specific income sources?
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The tax brackets for 2024 apply to income earned between January 1, 2024, and December 31, 2024. When you file your tax return in 2025, you’ll report the income earned during this period.
Still have questions about your 2024 tax filing?
Our tax experts at NexGen Taxes are here to answer all your questions and assist with your 2024 tax return. Contact us now!
