New 2024 Tax Brackets Single. To figure out your tax bracket, first look at the rates for the filing status you plan to use: These adjustments are made annually to account for inflation and ensure the.

What are the new tax brackets for tax year 2024? These income thresholds are roughly 5.5% to 6% higher than those announced for the 2023 tax season, where the lowest rate was for single filers making $11,000 or less.