Irs Announces New Tax Brackets For 2024

Irs Announces New Tax Brackets For 2024. 9, 2023, the irs announced the annual inflation adjustments for the 2024 tax year.  — the irs is increasing the tax brackets by about 5.4% for both individual and married filers across the different income spectrums.

For 2023 returns, the ranges increased by approximately 7%. The tax brackets are being adjusted upward by 5.4% using a formula.