Current Us Tax Brackets 2024

Current Us Tax Brackets 2024. There are seven tax brackets for most ordinary income for the 2023 tax year: The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the.

This page has the latest federal brackets and tax rates, plus a federal income tax calculator. For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%.