2024 Tax Brackets For Seniors Over 60. Tax brackets and tax rates. Older adults and people who are retired can take advantage of additional tax breaks and savings when it comes time to file their taxes.
You pay tax as a percentage of your income in layers called tax brackets. The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.
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