Tax Brackets 2024 Irs Single

Tax Brackets 2024 Irs Single. The irs has released new tax brackets for 2025, and in this video, we break down what you need to know. However, you won’t pay a 22% tax rate on the entirety of your $90,000 taxable income.

Here’s how that works for a single person with taxable income of $58,000 per year: For 2024, the lowest rate of 10% will apply to individuals with taxable income up to $11,600 and joint filers up to $23,200.