New Tax Brackets For 2024 Filing For. The irs has also increased the thresholds on. The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation.

The irs has set new brackets for 2024, which means you could pay a different percentage of your income in taxes this year compared to last year. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.