New Tax Brackets 2024 Vs 2024 Olympics. The internal revenue service has taken steps to ensure that the new 2024 tax brackets reflect the current consumer price index. Consequently, this comparison would help taxpayers in making informed decisions.

For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. This includes a lower standard deduction, more strict tax brackets or rates, decreased child tax credit, removal of the credit for other dependents, increased.