New 2024 Tax Brackets Out

The new 2024 tax brackets have come out! The standard deduction for couples filing jointly increased to $29,200 (due the push for more Donor Advised Fund contributions.) Another item impacting many of our clients is the 2024 annual gift exclusion increased to $18,000.

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024