2024 Income Tax Slab. There are seven income tax rates for the 2024 tax year, ranging from 10% to 37%. Once you figure out which tax slab you fall into per your tax regime, it becomes easier to calculate and file taxes, evade charges, and avail of deductions or exemptions accordingly.
Instead, such regular income should be for those who are retirees or for those whose income is irregular. The tax year 2024 maximum earned income tax credit amount is $7,830 for qualifying taxpayers who have three or more qualifying children, an increase of from $7,430 for tax year 2023.