Tax Brackets 2024 Explained For Seniors. 2024 tax brackets (taxes due in april 2025) the 2024 tax year, and the return due in 2025, will continue with these seven federal tax brackets: There are seven tax brackets for most ordinary income for the 2023 tax year:

The irs has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation. The internal revenue service adjusts federal income tax brackets annually to account for inflation, and the new brackets can help you estimate your tax obligation based on.