2024 Quarterly Tax Rates. You pay tax as a percentage of your income in layers called tax brackets. For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%.
For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). Medicare levy surcharge income, thresholds and rates.