US tax brackets will rise by around 5.4 percent next year in line with , the Internal Revenue Service (IRS) has confirmed. From 2024, the lowest tax rate of 10 percent will apply to those earning up to $11,600, up from $11,000 this year. Meanwhile the highest rate of 37 percent will now apply to workers whose salaries exceed $609,350, up from $578,125 in 2023. Middle-income thresholds all saw similar rises.
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