Current Federal Income Tax Rate

This is the federal tax rate your client expects to pay on taxable income until he or she begins taking withdrawals.

Use the table below to determine your client’s current tax bracket. Tax brackets and rates may change in the future. The analyzer applies the tax rate you enter to all taxable income until retirement.

Federal income tax brackets for 2024*

Tax rate

Married, filing jointly or qualified widow(er)

Single

Head of household

Married, filing separately

10%

$0–$23,200

$0–$11,600

$0–$16,550

$0–$11,600

12%

$23,201–$94,300

$11,601–$47,150

$16,551–$63,100

$11,601–$47,150

22%

$94,301–$201,050

$47,151–$100,525

$63,101–$100,500

$47,151–$100,525

24%

$201,051–$383,900

$100,526–$191,950

$100,501–$191,950

$100,526–$191,950

32%

$383,901–$487,450

$191,951–$243,725

$191,951–$243,700

$191,951–$243,725

35%

$487,451–$731,200

$243,726–$609,350

$243,701–$609,350

$243,726–$365,600

37%

$731,201 and over

$609,351 and over

$609,351 and over

$365,601 and over

 

*This information is subject to change by the Internal Revenue Service (IRS).
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