New Tax Brackets 2024 Vs 2024 Income Tax. The new tax slabs under the new income tax regime will be effective from april 1, 2024. Benefits of the new tax regime:

Starting in tax year 2025, single taxpayers and married individuals filing separately will see their standard deduction rise to $15,000, up $400 from the current rate of $14,600. The irs has announced new federal income tax brackets and standard deductions for 2025.