New Tax Brackets For 2024 Vs 2024 Vakantie . Key tax measures from budget 2024 for businesses. These include inflation adjustments and tax schedule changes.
The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Tax brackets for 2025 increased slightly from 2024 to reflect changes in inflation, but the rates for each tranche of income are the same:
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