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IRS sets new tax brackets, standard deduction for 2024

Por: Fox Business Business November 09, 2023

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Check out what's clicking on FoxBusiness.com The IRS on Thursday announced higher inflation adjustments for the 2024 tax year, potentially giving Americans a chance to increase their take-home pay next year. The higher limits for the and standard deductions are intended to avoid a phenomenon known as bracket creep, which happens when taxpayers are pushed into higher-income brackets even though their purchasing power is essentially unchanged... + full article



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