New Tax Bracket 2024. The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. The irs increased its tax brackets by about 5.4% for each type of tax filer for 2024, such as those filing separately or as married couples.
The internal revenue service adjusts federal income tax brackets annually to account for inflation, and the new brackets can help you estimate your tax obligation based on. In addition to announcing a new set of tax brackets, the irs has also made a number of key updates for 2024.