Find out how much you'll pay in federal income taxes.
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Your taxable income and filing status determine both the tax rate and bracket that apply to you, outlining the amount you'll owe on different portions of your income. For both 2023 and 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%.The tax inflation adjustments for 2024 rose by 5.4% from 2023 .
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