2024 Tax Rates And Deductions Under . Here's how those break out by filing status: For tax years 2023 and 2024, there are seven different tax brackets:
The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Speaking of the new tax regime, the lower tax rates it offers come at the cost of fewer deductions and exemptions, compared to the old regime.
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