IRS announces new income tax brackets for 2024
The Internal Revenue Service (IRS) has not yet released the updated income tax brackets for 2024. Generally, the IRS releases the tax brackets for the following year on an annual basis, in time for the upcoming tax filing season.
Taxpayers can use the Interactive Tax Assistant (ITA) tool on the IRS website to find the tax brackets for their current filing status. The ITA tool also provides tax calculators to help taxpayers estimate their taxes for the following year. Additionally, taxpayers can use the Tax Bracket Calculator on the IRS website to look up the income tax brackets for previous years.