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New IRS Changes May Lower Some Americans Into A Different Tax Bracket

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Last week the IRS announced many 2024 tax changes.


Some of them include a 3.2 % Social Security cost of living adjustment and enhancements to tax credits and deductions.


Reportedly the adjustments also include increased federal tax income tax brackets and standard deductions that may put some Americans in a lower tax bracket.


Check out the IRS website here to see if these changes affect you.