2024 Tax Rates And Deductions For Single. Tax deduction at source (tds) is one of the important compliances of income tax. 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%.
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. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).
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