Tax Brackets 2024 Irs Website.  — the irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation. Brackets are adjusted each year for inflation.

 — there are currently seven tax brackets that you might fall into:  — the collections of information in these regulations relate to reporting and recordkeeping requirements that will allow taxpayers to meet their tax reporting obligations.