There are seven income tax rates and brackets, ranging from 10% to 37%. Find out what federal income tax bracket(s) you're in, how tax rates work and what you can do to cut your tax bill.

And though the share of federal income tax revenue from taxpayers with income in the top percentile rose from 33.2 percent in 2001 to 42.3 percent in 2020, that doesn’t mean the affluent are ...

For more information see The New Standard Deduction is Here. Now that you've seen the tax brackets, let's delve into some examples to show how the brackets and income tax rates work. Suppose your ...