The IRS has released higher federal tax brackets for 2024 to adjust for inflation. The standard deduction is increasing to $29,200 for married couples filing together and $14,600 for single taxpayers. There are also changes to the alternative minimum tax, estate tax exemption, earned income tax credit and flexible spending account limits, among others. More details in the article from CNBC below. https://lnkd.in/gHtt3Bmb
