Threshold For Filing Taxes 2024

Threshold For Filing Taxes 2024. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. People need to see if their gross income is over the required filing threshold.

This is up from a cutoff of $11,000 for 2023. As you surpass each threshold, your income gradually moves to a higher bracket with a higher tax rate.