2024 Tax Rates Irs. Because inflation rates were high throughout 2023, the irs increased the income thresholds for the income marginal tax brackets by approximately 5.4%. The irs increased its tax brackets by about 5.4% for each type of tax filer for 2024, such as those filing separately or as married couples.
The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).