Fed Tax Rates 2024. The fed repeatedly raised interest rates. For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%.
These tax brackets were put in place by the tax cuts and jobs act of 2017. When you are looking at the federal tax brackets, you are able to determine which tax rate applies to you for the current tax season which allows you to go on and determine how much tax you.
