Tax Brackets 2024. Iowa reduced continued to reduce its inheritance tax rate from 5 percent to 1 percent in 2024. Your filing status and taxable income, including.
This is the smallest inflation adjustment in at least three years, following a 5.4% increase in 2024 and a 7.1% boost in 2023. The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%.
