2024 Tax Rates And Brackets

2024 Tax Rates And Brackets. State & local sales tax rates as of july 1, 2024. By avneet kaur updated dec 13, 2023.


2024 Tax Rates And 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.

Local Rates Are Weighted By Population To Compute An Average Local Tax Rate.

For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).

City, County And Municipal Rates Vary.

The 2024 tax brackets apply to income earned this year, which is reported on tax returns filed in 2025.

2024 Tax Rates And Brackets Images References :

10 Percent, 12 Percent, 22 Percent, 24 Percent, 32 Percent, 35 Percent And 37 Percent.

Importantly, your highest tax bracket doesn’t reflect how much you pay on all of your income.

10%, 12%, 22%, 24%, 32%, 35% And 37% (There Is Also A Zero Rate).

Local rates are weighted by population to compute an average local tax rate.