The federal income tax rates for 2024 and 2025 are progressive and consist of seven brackets with the following rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%
. For 2025, the tax brackets for single filers are as follows:
- 10% on income up to $11,925
- 12% on income from $11,926 to $48,475
- 22% on income from $48,476 to $103,350
- 24% on income from $103,351 to $197,300
- 32% on income from $197,301 to $250,525
- 35% on income from $250,526 to $626,350
- 37% on income over $626,350
These brackets are adjusted annually for inflation and vary based on filing status (single, married filing jointly, head of household, etc.)
. The tax system is marginal, meaning you pay each rate only on the portion of your income that falls within each bracket, not on your entire income
