IRS Announces 2024 Tax Brackets, Updated Standard Deduction

  Nerdy takeaways On Nov. 9, 2023, the IRS announced the annual inflation adjustments for the 2024 tax year. A handful of tax provisions, including the standard deduction and tax brackets, will see new limits and thresholds. These changes will apply to 2024 income, which is reported on tax returns filed in 2025. MORE LIKE […]