Beginning Of Tax Year 2024. The federal income tax has seven tax rates in 2024: With the start of the new year, it is important to remember important deadlines for the year.

The irs announced thursday annual inflation adjustments for over 60 tax provisions in tax year 2024, including increases in the standard deduction for married. The uae’s federal tax authority (fta) has announced a deadline extension for corporate tax returns and payments for some entities.