2024 Income Tax Brackets And Deductions For Seniors. As opposed to rs.50,000 before and will be available to all taxpayers choosing to file their taxes under the new. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income above $609,350 for single filers and above $731,200 for married couples filing jointly.
The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Finance minister nirmala sitharamanโs union budget 2024 introduced some major changes to the new income tax regime, aimed at boosting consumer spending and economic growth.