Taxes & Government
#tax credits 2024#standard deduction 2024#tax brackets 2024#2024 tax reforms+1 more
What are the latest tax reforms for individuals in 2024?.
The latest tax reforms for individuals in 2024 include adjustments in tax brackets, increased standard deduction limits, and enhanced credits aimed at middle-income earners. Notably, the top tax rate remains at 37%, while the standard deduction has risen to $14,600 for married couples filing jointly. New tax credits for education and energy-efficient home upgrades have also been introduced.
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