1099-misc box 3 tax rate

[An2425]

What is the tax rate for 1099-misc, box 3 for federal and state? 

[MinhT1 · Accepted solution]

Income reported in box 3 of form 1099-MISC is taxed at the ordinary income tax rates, according the Federal and state tax brackets.

Federal marginal rates: For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).

The other rates are:

35% for incomes over $243,725 ($487,450 for married couples filing jointly)

32% for incomes over $191,950 ($383,900 for married couples filing jointly)

24% for incomes over $100,525 ($201,050 for married couples filing jointly)

22% for incomes over $47,150 ($94,300 for married couples filing jointly)

12% for incomes over $11,600 ($23,200 for married couples filing jointly)

The lowest rate is 10% for incomes of single individuals with incomes of $11,600 or less ($23,200 for married couples filing jointly).