Tax Updates For 2024 Tax Season

Tax Updates For 2024 Tax Season. Taxpayers take the standard deduction, which is rising to $14,600 for 2024. These include inflation adjustments and tax schedule changes.

What you need to know for the 2024 tax season there are tax breaks for electric car purchases, salt workarounds, benefits for retirees and a new system for eligible. The irs reminds taxpayers the deadline to file a 2023 tax return and pay any tax owed is monday, april 15, 2024.