Income Tax Brackets For 2024 Tax Year. For the 2024 tax year, the irs has established a set of tax brackets that determine the rates at which individual income is taxed. Incomes within the $57,375 or less tax bracket will be taxed at 15 per cent;
In 2023, the irs increased the tax brackets by about 5.4% for both individual and married filers across the different income spectrums. Revenu québec and the canada revenue agency (cra).