Irs Releases New Income Tax Brackets For 2024. Washington โ the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
One expert says to expect a 5.4% increase from last year. See current federal tax brackets and rates based on your income and filing status.
Irs Releases New Income Tax Brackets For 2024 Images References :