Tag: Inflation impact on purchasing power

Financial Windfall for Americans in 2024: IRS Adjusts Tax Brackets, Potentially Increasing Take-Home Pay – Find Out How Much More You Could Keep

Dec 28, 2023

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by

Reia Leen Delantar

in Finance

American taxpayers can expect a raise in take-home income in 2024 due to IRS tax bracket modifications. IRS Announces 5.4% Rise in Tax Brackets for 2024 The tax brackets will rise 5.4% next year, placing more people in lower categories. This January change affects federal income tax brackets and basic deductions, shielding a larger share…