2024 Tax Rate Single Marginal. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. Sarah’s marginal tax rate is 22%.

You pay tax as a percentage of your income in layers called tax brackets. In this article, we’ll break down how federal income tax brackets work, the difference between marginal and effective tax rates, the tax brackets for 2024, and how.