2024 Tax Brackets Deductions
2024 Tax Brackets Deductions. The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025. The 2024 tax year features seven federal tax bracket percentages: But you can reduce your taxable income — the amount of income you can be taxed on — by claiming certain tax deductions. Tax deductions can lower the amount of income that is subject to tax.
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