This article on federal tax brackets has been updated for the 2024 and 2025 tax years. The IRS has released its 2024 tax brackets (the bracketed tax rate table for IRS federal income tax rates). Each year, the IRS tax rate brackets are adjusted for inflation (similar to maximum 401K and maximum IRA contribution levels and standard deduction amounts). Inflation has declined significantly in the past year, but there are still inflation adjustment increases over the 2024 tax brackets and standard deductions for taxpayers. Since we’re still focused on 2024 for tax filing purposes and will be until the 2024
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