2024 Income Tax Brackets And Tax Rate Schedule

2024 Income Tax Brackets And Tax Rate Schedule. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. There are seven tax brackets for most ordinary income for the 2023 tax year:

9, 2023 — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax. The income thresholds for each bracket, though, are adjusted.