See current federal tax brackets and rates based on your income and filing status.

2 days ago · Income tax is a direct tax which follows a progressive slab system, where tax rates increase with higher income. The taxpayers can choose between the old regime, which offers deductions and exemptions, and the new regime, which offers lower tax rates but without deductions and exemptions.

In 2024 and 2025, there are seven income tax rates and brackets, ranging from 10% to 37%. Find out which ones you're in, how tax rates work and what you can do to cut your tax bill.

Mar 12, 2025 · In both 2024 and 2025, the federal income tax rates for each of the seven brackets are the same: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent...

Federal income tax brackets are adjusted every year for inflation. Here are the tax brackets for the 2024 and 2025 tax years.

Nov 5, 2024 · New income thresholds have been announced for 2025 tax brackets. Your effective tax rate is based on the marginal rates that apply to you. Deductions lower your taxable income, while credits...

Oct 22, 2024 · In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). The federal income tax has seven tax rates in 2025: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.

Feb 11, 2025 · To figure out your tax bracket, first look at the rates for the filing status you plan to use: single, married filing jointly, married filing separately, or head of household. Next, determine your taxable income.

You can use our Federal Tax Brackets Calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax years. To do so, all you need to do is: Select a tax year; Select a filing status (either single or joint) Enter your income amount; Click "Calculate"

There are seven tax brackets you can fall into based on your income, with each bracket increasing the percentage of tax you pay on that portion of income. Find out more about IRS tax tables, which tax brackets you fall into, and how much you can expect to pay in federal income tax. What Are Tax Brackets?