Complete Guide : Federal Income Tax Brackets & Tax Rate

Thomaslane04 Jul, 2022Business

There are seven tax brackets for most ordinary income for the 2021 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.Your tax bracket depends on your taxable income and your filing status: single, married filing jointly or qualifying widow(er), married filing separately and head of household. Generally, as you move up the pay scale, you also move up the tax scale. Read the complete post to learn more about Federal Income Tax Brackets & Tax Rate.