2024 Tax Rates And Standard Deductions For Seniors

2024 Tax Rates And Standard Deductions For Seniors. These are not the tax rates and other numbers for 2023 (you'll find the official. Federal tax brackets range from 10% to 37%.

The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed. Here’s a look at the projected numbers for the tax year 2024, beginning jan.