2024 Tax Slabs Usa. As your income goes up, the tax rate on the next layer of income is higher. In 2024, the top tax rate of 37% applies to those earning over $609,350 for individual single filers, up from $578,125 last year.

Understanding the 7 tax brackets the irs uses to calculate your taxes can help you figure out your federal effective tax rate. Find out everything you need to know about 2024 tax brackets, from how they work to how they’ve changed and how they impact your tax liability.