What Are The Tax Brackets For 2024 Single. Skip to main content skip to primary sidebar For the 2024 tax year, the irs has established a set of tax brackets that determine the rates at which individual income is taxed.

This is the smallest inflation adjustment in at least three years, following a 5.4% increase in 2024 and a 7.1% boost in 2023. The internal revenue service adjusts federal income tax brackets annually to account for inflation, and the new brackets can help you estimate your tax obligation based on.