The U.S. IRS issued Revenue Procedure 2023-34 on 9 November 2023, which provides the tax year 2024 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. The adjustments have been summarized by the IRS in the following release:

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IRS provides tax inflation adjustments for tax year 2024

IR-2023-208, Nov. 9, 2023

WASHINGTON —…

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