Tax Brackets 2024 Irs. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: You pay tax as a percentage of your income in layers called tax brackets.

The change will raise the top tax rate of 37% to $609,350 for individuals and $731,200 for married couples filing jointly—up from the current tax season’s threshold of. The inflation adjustments mean that taxpayers will need to earn more to hit a higher tax rate than they did in 2023.