2024 Tax Rates Single Taxpayer. For example, a hypothetical single filer would owe 10% on the first $11,600 of taxable income in 2024 whether that amount represents their total earnings, or they earn. There are seven federal income tax rates in 2023:

But some of your income will be taxed in lower tax brackets: For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;