2024 Tax Brackets Vs 2024 Taxes. New 2024 income tax brackets and a higher standard deduction may mean tax cuts for many americans. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).
The seven tax brackets — 10%, 12%, 22%, 24%, 32%, 35% and 37% — will be the same in 2024 as they are for 2023. The new 2024 tax brackets have higher income thresholds as they are adjusted for inflation.