Income Tax Brackets For Seniors In 2024. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your taxable income is your income after various deductions, credits, and exemptions have been applied.
The internal revenue service released its annual inflation adjustments tuesday with new federal income tax brackets and standard deductions for the 2025 tax year. These rates apply to your taxable income.
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