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STOCK MARKETS

IRS announces new income tax brackets for 2024

Posted on Author Comments Off on IRS announces new income tax brackets for 2024

The Internal Revenue Service (IRS) announced new income tax brackets for 2024. For individuals filing their 2024 taxes, the tax rates are as follows:

Taxable Income Tax Rate

$0 – $9,950 10%

$9,951 – $40,525 12%

$40,526 – $86,375 22%

$86,376 – $164,925 24%

$164,926 – $209,425 32%

$209,426 – $534,050 35%

Above $534,050 37%

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