2024 Important Numbers

2024 Important Numbers

January 09, 2024

A new year, and new figures.  At the end of 2023, the Internal Revenue Service provided updates for income tax brackets, standard deduction, and retirement contribution limits for the 2024 tax year. While these taxes are not due for some time, it may benefit you to start thinking ahead.

Overall, more than 60 provisions have changed. Here we have highlighted a few of the most critical tax bracket and retirement contribution limit changes.