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2023-2024 Tax Brackets and Federal Income Tax Rates

Savings Corner

The 2024 tax rates, which range from 10% to 37%, remain the same as in previous years. The total bill would be about $6,300 — about 13% of your taxable income, even though you’re in the 22% bracket. Two common ways of reducing your tax bill are credits and deductions. Each 2024 tax bracket will see a roughly 5.4%

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