New Tax Tables 2024. See current federal tax brackets and rates based on your income and filing status. 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.

Check your 2024 irs federal income tax bracket to see if you fall into a lower bracket due to inflation, which could lower your tax bill next year. There are seven federal tax brackets for tax year 2024.