2024 Tax Rates And Brackets Irs. The federal income tax has seven tax rates in 2024: The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024.

You pay tax as a percentage of your income in layers called tax brackets. These are not the tax rates and other numbers for 2023 (you’ll find the official.