​Serving Alaska 

From Wasilla 

to Fairbanks and beyond.

​907-357-7707

Federal Income Tax Calculator: 

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Since the late 1980s, the U.S. Tax Code has required that federal income tax brackets be adjusted for inflation annually, and inflation adjustments have been inserted into the Internal Revenue Code in recent years with increasing frequency. For example, the Code now requires over 50 other inflation-driven computations to determine deduction, exemption and exclusion amounts in addition to the 40 separate computations needed to inflation-adjust the tax bracket schedules each year.

Estimates for any of the inflation-adjusted tax figures for 2024, of course, are also necessarily subject to any changes to the tax law that may be made by Congress over the course of the next year.

2024 Tax Brackets and Rates

There are seven federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. These rates will remain unchanged through 2025 because of the Tax Cuts and Jobs Act of 2017.






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