2024 Income Tax Brackets Irs. Below, cnbc select breaks down the updated tax brackets for 2024 and. 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.

The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation. Tax brackets and tax rates.