2024 Tax Rates Iras. See current federal tax brackets and rates based on your income and filing status. This year's top marginal income tax rate is 4%, and social security income isn't taxed at all.
Chargeable income in excess of $500,000 up to $1 million will be taxed at 23%, while that in excess of $1 million will be taxed at 24%; In 2024, there are seven federal income tax rates and brackets: