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.

Understanding federal tax brackets and how they work is key for effective financial planning, especially as you navigate your income, tax credits and deductions, and potential tax strategies.

Looking for some history? Here are the past years tax brackets and standard deduction levels. For 2020 and 2021, the Federal ...

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy ...

As a result, depending on your taxable income and tax bracket, these rates range from 10% to 37%. Like long-term capital gains, ordinary federal income tax rates are adjusted yearly for inflation.