Archive

Tag Archives: tax rates

2026 Inflation Adjustments to the Tax Laws by Tony Gutierrez, CPA

View Anthony's Profile
Posted on November 13, 2025 by Anthony Gutierrez

The IRS released the annual inflation adjustments to more than 60 provisions of the tax code. Taxpayers will use these figures when filing their 2026 federal income tax returns in 2027. Income Tax Rates The income individuals use to determine how much tax they pay each year increases in 2026. However, unless taxpayers’ income rises […]

IRS Announces Inflation-Adjusted Individual Tax Rates for 2024 by Tony Gutierrez, CPA

View Anthony's Profile
Posted on January 11, 2024 by Anthony Gutierrez

The IRS released the annual cost-of-living adjustments to various provisions of the tax code for 2024. Marginal Income Tax Rates The following seven tax rates apply to income individuals earn in 2024. 37 percent for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly) 35 percent for incomes over $243,725 […]