2024 Tax Rates Irs. In 2024, a single filer making $48,000 of taxable income pays a 10% tax rate on $11,600 of their earnings, a 12% tax rate on the portion of the earnings between $11,601 and $47,150, and a 22%. The irs announced thursday annual inflation adjustments for over 60 tax provisions in tax year 2024, including increases in the standard deduction for married couples.
The federal income tax has seven tax rates in 2024: The internal revenue service has announced the tax brackets and rates for the 2024 tax year.