Ira Limits 2024 Tax Bracket. While these taxes are not due for some time, it may benefit you to start thinking ahead. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons:

$6,500 (for 2023) and $7,000 (for 2024) if you’re under age 50. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.