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"IRS Reveals 2024 Tax Brackets, Deductions, and Contribution Limits"

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Source: CNBC
"IRS Reveals 2024 Tax Brackets, Deductions, and Contribution Limits"
Photo: CNBC
TL;DR

The IRS has announced higher federal income tax brackets and standard deductions for tax year 2024. The top rate of 37% will apply to individuals with taxable income above $609,350 and married couples filing jointly earning $731,200. The standard deduction will also increase, with married couples filing jointly able to claim $29,200 and single filers able to claim $14,600.

Topics:businessfinance#finance#income-tax-brackets#irs#standard-deductions#tax-year-2024#taxable-income
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  1. IRS announces new income tax brackets for 2024  CNBC
  2. The IRS just announced the new tax brackets. Here's how to see yours.  Yahoo Finance
  3. IRS sets new tax brackets, standard deduction for 2024  Fox Business
  4. How much can you contribute to your 401(k) and IRA in 2024?  AS USA

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