Tax Brackets 2024 Single Filing. Learn the irs rates and inflation adjustments for 2024 federal taxes—tax brackets, federal income tax rates, new ira rules, and more. You pay tax as a percentage of your income in layers called tax brackets.

For 2024, the irs made adjustments to federal income tax brackets to account for inflation, including raising the standard deduction to $14,600 (up from $13,850) for single filers and. New irs tax brackets 2024.