The IRS has announced new tax brackets and standard deduction thresholds for 2024. The adjustments and changes include a standard deduction of $14,600 for individuals and $29,200 for couples filing jointly, a higher bracket for top-income earners who must pay a 37% income tax, and a higher earned income tax credit. Changes to the tax … Continue reading IRS Announces New Tax Brackets, Standard Deduction For 2024