What Is The Tax Bracket For 2024

What Is The Tax Bracket For 2024. The internal revenue service (irs) has designated seven federal tax brackets that apply to both the 2023 tax year (the taxes you file in april 2024) and the 2024 tax year (the taxes. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons:

The tax brackets consist of the following marginal rates: Snapshot of income tax rates specific to mutual funds the withholding tax rate on mutual fund income for resident individuals has been set at 10%.