Income Tax Bracket Change 2024 Olympics

Income Tax Bracket Change 2024 Olympics. For 2024, the lowest rate of 10% will apply to individuals with taxable income up to $11,600 and joint filers up to $23,200. There are seven federal tax brackets for tax year 2024.

The federal income tax has seven tax rates. Inflation affects the value of credits, deductions, and income thresholds yearly.