What they'll owe: Income tax brackets for 2024

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The IRS reviews all income tax brackets annually, making adjustments as necessary to balance for inflation.

For the 2024 tax year, tax rates range from 10% at the low end to a top rate of 37%. These rates will come into effect for taxpayers filing in 2025. 

Scroll through to find out the 7 tax rates for 2024 and the tax brackets for single filers, for married individuals filing joint returns and for heads of households.

Source: Tax Foundation