Tax Brackets 2024 Explained For Seniors. For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%. The threshold for 2024 rises to $105,000.

Here’s what you need to know. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.