In this video, I'll be discussing the impact of rising inflation and its effects on everyday expenses. With the inflation rate ranging from 3 to 4% and peaking at 9.1% in 2022, millions of Americans are feeling the pinch in their wallets. As a response to inflation, the IRS has recently released updated tax brackets and standard deduction figures for the year 2024.

Join me as I break down these changes and provide you with essential information for your taxes in the upcoming year. Let's get started.

Timecodes
0:00 Inflation Has Been an Issue Lately
0:37 Tax Brackets for Single Filers
3:31 Married Joint Tax Brackets
5:58 Head of Household Tax Brackets
8:20 The Changes in Taxes
11:47 Key Points

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*Disclaimer: I am not a financial advisor, nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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