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U.S. IRS Provides Tax Inflation Adjustments for Tax Year 2024

15 November 2023

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Approved Changes

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United States

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: --- IRS provides tax inflation adjustments for tax year 2024 IR-2023-208, Nov. 9, 2023 WASHINGTON — The Internal Revenue Service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. Revenue Procedure 2023-34 provides detailed information about these...