Irs Income Tax Brackets 2024 Single. There are seven federal tax brackets for tax year 2024, and the irs has increased its income limits by about 5.4% in 2024 for each bracket. Tax brackets result in a progressive tax system, in which taxation.
The amt exemption amount for tax year 2024 for single filers is $85,700 and begins to phase out at. 10%, 12%, 22%, 24%, 32%, 35%, and a top bracket of 37%.