Irs What'S New 2024. The ira catch up contribution limit for individuals aged 50 and over has not. Some new things this year include an increased standard deduction, adjusted tax brackets, and some key changes to common tax credits and deductions.
While 2023 did not see major federal tax reform legislation, the irs has adjusted ranges for tax brackets, standard deductions, retirement savings contributions and more to. Here’s how those break out by filing status:
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