What Are The New Tax Brackets For 2024. The highest earners fall into the 37% range,. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.

Washington — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: