2024 Income Tax Brackets Nerdwallet 2. There are seven federal tax brackets for tax year 2024. Check your 2024 irs federal income tax bracket to see if you fall into a lower bracket due to inflation, which could lower your tax bill next year.

Here’s a look at the current tax brackets and how our progressive income taxation system works. This article explains the federal income tax brackets in the united states and how they determine your tax rate.