Us 2024 Tax Brackets Over 65. The 22% rate isn’t applied as a flat rate on the entire $100,000. The next tax bracket is 12% of taxable income levels between $11,601 to $47,150.
The new inflation adjustments are for tax year 2024, for which taxpayers will file tax returns in early 2025. This means that the first $22,000 of income is taxed.