New Irs Tax Brackets For 2024 Tax Year. 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. The highest earners fall into the 37% range,.

There are seven (7) tax rates in 2024. The standard deduction — the set amount of money by which you can reduce the income you’re taxed on if you don’t itemize — will get a boost to $14,600 for single.