2024 Tax Rates And Brackets For Seniors. Washington — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).

Seniors must start withdrawing funds from their iras, 401(k)s, and other qualified accounts by april the year after they turn 73. Here are the latest income tax slabs that will be effective for the current financial year after budget 2024.