New Tax Brackets For 2024 Vs 2024. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).

The tax year 2024 maximum earned income tax credit amount for taxpayers with three or more qualifying children is $7,830, an increase of $400 from tax year 2023. The irs adjusted 2025 tax brackets for inflation, increasing income thresholds by about 2.8% from 2024, allowing more income to be taxed at lower rates.