2024 Tax Brackets Vs 2024. Knowing your federal tax bracket is essential, as it determines your federal income tax rate for the year. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Compare the tax brackets for last year and this year to get a sense of where your income stacks up in the eyes of the irs. There are seven different income tax rates: