Did you know?
The U.S. has a progressive income tax system with seven marginal brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
For tax year 2026, the 37% top rate kicks in at taxable incomes above $640,600 (single) or $768,700 (married filing jointly).
The 10% bracket covers the first $12,400 of taxable income (single) or $24,800 (joint) in 2026.