2024 Tax Brackets Vs 2024. Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024. The internal revenue service (irs) has designated seven federal tax brackets that apply to both the 2023 tax year (the taxes you file in april 2024) and the 2024 tax year (the taxes you file in.
New 2024 income tax brackets and a higher standard deduction may mean tax cuts for many americans. For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%.