Editha Ardella

2024 Income Tax Brackets And Deductions U/S. These are not the tax rates and other numbers for 2023 (you’ll find the official 2023 tax. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).

Instead, in this example, the marginal tax rate is only applied to taxable income above $41,776 in 2024 and your effective tax rate looks like this: You need documents to show expenses or losses you want to deduct.