Irs Tax Bracket 2024 Single Filer. For example, a hypothetical single filer would owe 10% on the first $11,600 of taxable income in 2024 whether that amount represents their total earnings, or they earn $1 million. The maximum credit is $4,213 for one child, $6,960 for two children, and $7,830 for three or more children.

The irs has specific income ranges for each tax bracket. In the 2024 tax year, the 22% bracket applies to single filers with taxable incomes between $47,150 and $100,525, married couples filing jointly with incomes from $94,300 to $201,050, and heads of households earning between $63,100 and $100,500.