2024 Tax Rates And Brackets Pdf Printable

2024 Tax Rates And Brackets Pdf Printable. In the u.s., there are seven federal tax brackets. The budget was presented in july instead of february due to the lok sabha elections 2024 held in april, may, and june, as opposed to the usual february presentation.

For instance, the 22% tax bracket for single filers applies to $50,650 of income for the 2023 tax year (i.e., income from $44,726 to $95,375), but it applies to $53,375 of income for 2024 (i.e. The marginal rates — 10%, 12%, 22%, 24%, 32%, 35% and 37% — remain unchanged from 2023.