income tax brackets

  • New Tax Brackets

    What does the new 2023-2024 Tax Bracket mean?

    For the years 2023 and 2024, there are seven federal income tax rates ranging from 10% to 37%. Your filing status and taxable income determine the tax brackets and rates that apply to you. These adjustments ensure that the increasing cost of living does not force taxpayers into a higher tax bracket. Furthermore, these adjustments…

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