2024 Income Tax Brackets And Tax Rate Schedule. There are seven tax brackets for most ordinary income for the 2023 tax year: The internal revenue service adjusts federal income tax brackets annually to account for inflation, and the new brackets can help you estimate your tax obligation based on your.
10%, 12%, 22%, 24%, 32%, 35%, and 37%. Here are the latest income tax slabs that will be effective for the current financial year after budget 2024.