January 1, 2024

Annual Federal Update

General

  • 2023 CPI-U and chained CPI-U

Federal Tax

  • 2024 Income Tax Brackets
  • 2024 Standard Deduction
  • 2024 Taxable Income Limits for incorporating Capital Gains taxes
  • 2024 AMT Thresholds
  • 2024 Child Tax Credit
  • 2024 Earned Income Credit
  • 2024 Medicare B premium and income brackets

Social Security

  • 2024 Contribution and Benefit Base
  • 2024 Earnings required for a quarter of coverage
  • 2023 COLA
  • 2023 Retirement Earnings Test Annual Exempt Amounts
  • 2023 WEP Substantial Earnings
  • 2023 Real wage Differential
  • 2022 Average Wage Index