Projected Brackets News Today

Taxpayers and tax professionals alike had a lot to talk about this year. Heres a look at the stories you clicked on in 2023—and links to those you might have missed.

The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.

A candy tax sounds like a fun—and delicious—way to teach your kids about tax. But it teaches the wrong lessons. For one? We dont have a flat tax.

Up to $168,600 of earnings will be subject to Social Security tax in 2024, raising the taxes taken out of a high earners paycheck to $10,453.