IRS tax brackets 2024 vs. 2023: Here’s the full list of new income thresholds

The changes announced by the Internal Revenue Service are meant to offset rising costs due to inflation.

Inflation has increased the cost of everything from eggs to airfare in the past couple of years, and the Internal Revenue Service (IRS) is looking to lessen the burden on taxpayers. The agency announced Thursday that it will adjust the income thresholds for tax brackets for the 2024 tax season.

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