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IRS Announces 2024 Tax Brackets, Standard Deductions And Other Inflation Adjustments

The IRS has announced the annual inflation adjustments for the year 2024, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year 2024—that begins Jan. 1, 2024. They are not the numbers that you’ll use to prepare your 2023 tax returns in 2024 (you’ll find those official 2023 tax numbers here). These…

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