2024 Tax Brackets Irs. The irs has released the updated tax brackets for the 2024 tax year, reflecting changes due to inflation adjustments. It will take more income to reach each higher tax bracket after the roughly 2.8% inflation adjustment for 2025, the internal revenue service said tuesday.
The irs will publish the official tax brackets and other tax numbers for 2024 later this year, likely in october. The federal estate tax exclusion for decedents dying will increase to $13,990,000 per person (up from $13,610,000 in 2024) or $27,980,000 per married couple in 2025.
