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Projected 2024 Income Tax Brackets

Projected 2024 Income Tax Brackets
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High Inflation Continues to Affect Tax Code Increases, Bloomberg Tax Predicts

/PRNewswire/ Bloomberg Tax & Accounting released its 2024 Projected U.S. Tax Rates, which indicates inflation adjusted amounts in the tax code will increase.

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Inflation drives up tax bracket limits for 2024

Inflation drives up tax bracket limits for 2024
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HIGH INFLATION SPURS MOST SIGNIFICANT TAX CODE INCREASES IN NEARLY 40 YEARS

/PRNewswire/ Bloomberg Tax today released its 2023 Projected U.S. Tax Rates, which forecasts that inflation adjusted amounts in the tax code will increase.

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High inflation expected to lead to big changes in tax brackets and exclusions

The highest inflation rate in decades is likely to produce major increases on some tax items, according to predictions from Bloomberg Tax.

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