Irs New Tax Brackets 2024 Vs 2024. The irs has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation. The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation.
There are seven (7) tax rates in 2024. Tax brackets for 2025 increased slightly from 2024 to reflect changes in inflation, but the rates for each tranche of income are the same: