2024 Tax Rate Single Marginal. Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. There are seven tax brackets for most ordinary income for the 2023 tax year:
Your marginal—or top—tax rate is 22%. For example, if you’re a single filer who earned $70,000 in income in 2023, your marginal tax rate is 22% because you earned income that falls within the $44,276.
