2024 Tax Brackets: Inflation Adjustment Could Save Taxpayers Money

United States News News

2024 Tax Brackets: Inflation Adjustment Could Save Taxpayers Money
United States Latest News,United States Headlines
  • 📰 WSJ
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Adjustments for key numbers for income, gift and estate taxes give taxpayers some planning opportunities

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.Inflation Causes IRS to Raise Tax Brackets, Standard Deduction by 5.4%

Here’s an upside to persistent inflation: More of your income will be taxed at lower rates next year. The Internal Revenue Service announced its annual inflation adjustments to federal income-tax brackets for 2024 Thursday, an increase that slightly outpacesThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mean Girls (2024) (2024) | ScreenRantMean Girls (2024) (2024) | ScreenRantMean Girls is a reimagining of the 2004 classic comedy film as a musical, directed by Samantha Jayne and Arturo Perez Jr. When Cady Heron and her family move from Africa to the United States; she experiences a culture shock when she enters the public school system for the first time.
Read more »

Brandon Johnson's tax increase to fight homelessness will head to Chicago voters in March 2024Brandon Johnson's tax increase to fight homelessness will head to Chicago voters in March 2024Rachel Schilke is a breaking news reporter at the Washington Examiner. Originally from Frankfort, Illinois, she graduated from the University of Iowa in May 2022 and served as a managing editor at the Daily Iowan with a focus on crime and courts and local government. Follow her on X: rachel_schilke.
Read more »

ECB must keep rates at or near 4% through 2024 to get inflation down -IMFECB must keep rates at or near 4% through 2024 to get inflation down -IMFECB must keep rates at or near 4% through 2024 to get inflation down -IMF
Read more »

IMF: ECB needs to maintain rates at or near 4% through 2024 to tame inflationIMF: ECB needs to maintain rates at or near 4% through 2024 to tame inflationAlfred Kammer, the head of the International Monetary Fund’s (IMF) European Department suggested on Wednesday that the European Central Bank (ECB) should maintain interest rates at or near 4.0% through the next year to bring inflation down.
Read more »

Chicago-area residents raise concerns over tax increases amid inflationChicago-area residents raise concerns over tax increases amid inflationChicago-area residents have reportedly seen tax bills rise by 15% to 30% this year.
Read more »

Chula Vista City Attorney race headed for March 2024 runoffChula Vista City Attorney race headed for March 2024 runoffResults are coming in for the November 7 Special Election in San Diego.
Read more »



Render Time: 2025-02-21 12:37:04