2024 Tax Brackets Married Filing Separately Single. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate.

For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). Let’s say you’re married filing jointly with $110,000 in taxable income.