Marginal Tax Brackets For Tax Year 2024

Marginal Tax Brackets For Tax Year 2024. The federal marginal tax rate is the federal income tax rate owed on your highest dollar of income. You pay tax as a percentage of your income in layers called tax brackets.

The top marginal income tax rate of 37 percent will hit taxpayers with taxable income. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.