2024 Tax Rates And Brackets. There are seven different income tax rates: Washington — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate.

Recently, in budget 2024, the government has revised the slab rates for taxpayers under new tax regime and increased the standard deduction benefit to salaried individuals and. There are seven federal income tax brackets, ranging from 10% to 37%.