2024 Income Tax Brackets And Deductions For Seniors. There are seven federal tax brackets for tax year 2024. When you are looking at the federal tax brackets, you are able to determine which tax rate applies to you for the current tax.

The highest earners fall into the 37% range,. Here’s a look at how certain tax thresholds and credits will shift for the 2024 tax year, plus a comparison with 2023.