What Are The Income Tax Brackets For 2024. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).
2024 federal income tax rates. There are also various tax credits, deductions and benefits available to you to reduce your total tax payable.