2024 Tax Rates For A Single Taxpayer. The indian income tax system offers two regimes: As you can see from the federal income tax brackets, your marginal tax rate would be 12%.

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). The irs announced tax rates for its seven tax brackets for tax year 2024: