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Irs Income Tax Brackets 2024

Irs Income Tax Brackets 2024. The tax brackets for the 2024 tax year, set by the 2017 tax cuts and jobs act, aren't changing, but the cutoffs for each band of taxation will shift higher. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).


Irs Income Tax Brackets 2024

As your income goes up, the tax rate on the next layer of income is higher. You pay tax as a percentage of your income in layers called tax brackets.

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