WebOct 26, 2024 · Beginning with returns due after Dec. 31, 2024, the new additional tax is $435 or 100 percent of the amount of tax due, whichever is less, an increase from $330. The $435 additional tax will be adjusted for inflation. The tax year 2024 adjustments described below generally apply to tax returns filed in 2024. WebDec 5, 2024 · Ocasio-Cortez seemed to suggest the top rate would only apply to incomes above $10 million. The number of households who earn that much in a year probably fit inside a classroom. 2024 Federal Income Tax Brackets. In October 2024, the IRS released the tax brackets for 2024: (along with other inflation adjusted numbers)
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