2024 Tax Brackets Changes. The income tax brackets for individuals are much wider for 2024 because of inflation during the 2023 fiscal year. The irs also recently released its new tax brackets for tax year 2025, so this would apply to taxpayers filing in 2026 for the income they made in 2025:
For tax year 2025, the stateโs individual income tax. Here is a glimpse of the significant tax law changes for 2024, which will shape the fiscal tax year reflected on 2025 tax returns.