2024 Tax Brackets Vs 2024 Tax. The tax rates applicable to different categories of taxpayers, such as individuals, hufs, aops, bois, and companies, vary based on the nature of the taxpayer and the source of. In this article, we’ll break down how federal income tax brackets work, the difference between marginal and effective tax rates, the tax brackets for 2024, and how.

The tax brackets are based on taxable income, which is agi minus various deductions. 10%, 12%, 22%, 24%, 32%, 35% and 37%.