New IRS tax brackets take effect in 2024, meaning your paycheck could be bigger next year
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Higher federal income tax brackets and standard deductions will take effect at the beginning of January, potentially giving Americans a chance to increase their take-home pay in 2024 and shield more of their income from the IRS.
The IRS announced the higher limits for the and standard deductions in November. The increase is intended to avoid a phenomenon known as "bracket…
This story from fox10phoenix.com was posted on 2023-12-28 by @violet.