What Are The Tax Brackets For 2024 Mfj. The federal tax brackets on this page have been updated for tax year 2024, and are the latest brackets available. The tax brackets are based on taxable income, which is agi minus various deductions.

The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. The tax items for tax year 2024 of greatest interest to most taxpayers.