2024 Income Tax Brackets Married Jointly With Example. The internal revenue service (irs) has designated seven federal tax brackets that apply to both the 2023 tax year (the taxes you file in april 2024) and the. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.

The top rate of 37%, for instance, will apply to individuals with annual taxable income above $609,350 or to jointly filing married couples who earn more than $731,200. You pay tax as a percentage of your income in layers called tax brackets.