2024 Vs 2025 Tax Brackets Calculator. In this guide, we’ll break down the irs tax brackets for tax year 2024 and tax year 2025 while helping you understand what they mean for your financial planning. The 2024 federal tax brackets apply to your income in 2024, which you’ll report on the tax return that’s due in april 2025, or october 2025 with an extension.

Tax brackets divide income into ranges. Irs provides tax inflation adjustments for tax year 2024.