New Tax Information For 2024 Income

New Tax Information For 2024 Income. For tax year 2024, each of the seven rates will apply to the following new income tax brackets: See the current tax rates and brackets for single, married, and.

The irs has updated more than 60 tax brackets, exemptions and limits for tax year 2024 based on the latest inflation data. Learn about the latest irs adjustments to income tax brackets, standard deduction, retirement contributions, gift tax and more for 2024 returns.