The 2024 tax year features seven federal tax bracket percentages: From 2018, the new bracket rates are 10%, 12%, 22%, 24%, 32%,.
If you’re 65 or older and also blind, add $3,700 to $13,850 standard deduction. Your bracket depends on your taxable income and filing status.
As Everyone Expected, The Irs Adjusted The 2024.
The finance minister made changes in the income tax slabs under the new tax regime.
Those Falling Under The New Tax Regime.
Let’s take a look at the tax rates and brackets for the 2024 tax year, which you’ll file during the 2025 tax season.
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10%, 15%, 25%, 28%, 33%, 35%, And 39.6%.
Your bracket depends on your taxable income and filing status.
For 2024 (Tax Returns Typically Filed In April 2025), The Standard Deduction Amounts Are $14,600 For Single And For Those Who Are Married, Filing Separately;
The 2024 tax year features seven federal tax bracket percentages: