What'S New For 2024 Tax Year Irs. A handful of tax provisions, including the standard deduction and tax brackets, will see new limits and thresholds. As of january 29, the irs is accepting and processing tax returns for 2023.

The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation. Washington — the internal revenue service today announced monday, jan.