2024 Tax Brackets And Standard Deduction For Seniors. You pay tax as a percentage of your income in layers called tax brackets. 10%, 12%, 22%, 24%, 32%, 35%, and 37%.

Bloomberg tax has released its annual projected u.s. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024.