New 2024 Tax Brackets Compared To 2024. 2024 and 2024 tax brackets and federal income tax rates. The irs has set new brackets for 2024, which means you could pay a different percentage of your income in taxes this year compared to last year.

The amt exemption amount for tax year 2024 increased to $85,700 and starts to phase out at $609,350, up $4,400 and $31,200 compared to tax year 2023, respectively. Have wages and income kept up with inflation?