Tax Bracket
Definition
A range of income taxed at a specific rate in the progressive US tax system. For 2025, there are seven federal income tax brackets: 10% ($0–$11,600 for single), 12% ($11,601–$47,150), 22% ($47,151–$100,525), 24% ($100,526–$191,950), 32% ($191,951–$243,725), 35% ($243,726–$609,350), and 37% (over $609,350). Only the income within each bracket is taxed at that rate.
Example
Being "in the 24% bracket" doesn't mean all your income is taxed at 24%. A single filer with $120,000 taxable income pays 10% on the first $11,600, 12% on the next $35,550, 22% on the next $53,375, and 24% only on the remaining $19,475.