Fed Income Tax Rates 2024 Table. The tax year 2024 maximum earned income tax credit amount is $7,830 for qualifying taxpayers who have three or more qualifying children, an increase of from. The highest earners fall into the 37% range, while those who earn the least.
There are seven federal tax brackets for tax year 2024. Understanding the 7 tax brackets the irs uses to calculate your taxes can help you figure out your federal effective tax rate.