IRS announced new tax brackets for 2024 here’s what to know
The latest consumer price index reading showed inflation rose 3.8% from last September. That prompted the IRS to raise all the tax thresholds by 5.4% to ensure taxpayers don’t move into higher tax brackets just because of cost-of-living increases. For past tax rates and taxable wage california income tax limits, refer to Tax Rates, Wage Limits, […]