2024 Income Tax Brackets And Deductions Available. From hiking the standard deduction limit in the new tax regime to tweaking tax slabs to simplifying capital gains tax โ budget 2024 has changed a host of tax rules that. Taxable income and filing status determine which federal tax rates apply.
There are seven federal tax brackets for tax year 2024. 10%, 12%, 22%, 24%, 32%, 35%, and 37%.