Tax Brackets For 2024 Taxes With Dependents. Federal income tax brackets are adjusted every year for inflation. Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate.

Let’s say for the 2024 tax year (filing in 2025), you earned a taxable income of $90,000, and you filed as single. Based on the tax brackets, you’ll fall under the third tax bracket for taxable incomes between $47,150 and.