Irs Releases New Income Tax Brackets For 2024. The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation. As a tax preparer, it’s important to understand these updates so you can file your clients’.
2025 irs tax brackets to see if you fall into a lower bracket, which could lower your federal income tax bill next year. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).
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