United States Income Tax Rates for 2024

United States Income Tax Brackets

United States has a bracketed income tax system with six income tax brackets, ranging from a low of 10.00% for those earning under 8,375 to a high of 35.00% for those earning more then 373,650 a year.

How does the United States Income Tax compare to the rest of the world?

Out of the thirty four countries tracked, eighteen have a higher maximum income tax rate then United States. Countries with similar tax brackets include New Zealand with a maximum tax bracket of 35.50%, Hungary with a maximum tax bracket of 36.00% and Luxembourg with a maximum tax bracket of 38.00%. Keep in mind that our ranking measures only nationwide income taxes, and does not account for local income taxes at state, province, or municipal levels.

Maximum Income Tax	Income Tax Allowance	World Tax Rank
35.00%	0 ($0 USD)	19th of 34

What is the United States Income Tax?

United States's personal income tax is a bracketed income tax that must be paid yearly by all citizens to the government of United States. Failure to pay, or underpayment of, the United States income tax can result in high fees, fines, or jail time.

In addition to United States's income tax, other taxes may apply to wages or profits earned, including social services, medical care, and capital gains taxes.

United States Income Tax Allowance

United States provides most taxpayers with an income tax allowance of 0, which can be kept as a tax-free personal allowance. United States's tax credit is a basic (fixed) allowance available to all (single) taxpayers without dependents.

A tax credit is a fixed amount of money that may be kept by taxpayers without paying any income taxes. Generally, a tax credit is subtracted from your gross income before your taxable income is calculated.