2024 Tax Rates For A Single Taxpayer

2024 Tax Rates For A Single Taxpayer. Thus, if you are a single taxpayer and have a taxable income of $609,351 or higher, putting you in the highest tax bracket, you are not paying that bracket’s rate. Find out the income thresholds and tax rates for the 2023 and 2024 tax years, as well as how to calculate your tax bracket and effective tax rate.

Income tax rates and bands. However, ordinary tax rates don’t apply to every type of income.