Here’s an upside to persistent inflation: More of your income will be taxed at lower rates next year.
The Internal Revenue Service announced its annual inflation adjustments to federal income-tax brackets for 2024 Thursday, an increase that slightly outpaces
the current inflation rate. This means some Americans will pay less in taxes, said Jim Young, an accounting professor at Northern Illinois University.What to Read Next
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The IRS’s New 2024 Tax Brackets: Inflation Adjustment Could Save Taxpayers Money - The Wall Street Journal
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