Your First Look At 2024 Tax Rates: Projected Brackets, Standard Deduction Amounts And More - Forbes.com
By: Kelly Phillips Erb
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Update: On November 9th, the IRS announced the official inflation adjustments for 2024. You can find them here.
The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) increased by 0.6% in August after rising 0.2% in July. You won't just feel the impact of those boosts in your wallet—you'll also see them on your tax forms. Those higher numbers push out deduction limitations and will result in upward adjustments to tax brackets and increases to other key thresholds.
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