Irs Tax Rates 2024. Below, cnbc select breaks down the updated tax brackets for 2024 and what you need to know about them. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income above $609,350 for single filers and above $731,200 for married couples filing jointly.
If you’re looking to understand how various federal tax rates will affect your tax filing outcome, check out h&r block’s income tax calculator so you can plan ahead. The top rate of 37% will apply to individuals making above $609,350.