Individual Tax Preparation

Tax rules can change each year, making it tough to keep up.

So, how do you find out about key new tax laws for 2024?  

Easy – just turn to TaxChek!

The best part is that you don’t have to dig for details about what affects your 2024 taxes.

TaxChek has got you covered with an outline of some of the new tax breaks that can help you get back everything you deserve this tax season. 

Check out some of the need-to-know 2024 new tax laws and updates below.

Single Filers: $14,600 (up from $13,850 in 2023).

Married Filing Jointly:  $29,200 (up from $27,700 in 2023).

Remains at $2,000 per qualifying child under the age of 17, with updated eligibility thresholds for inflation.

Expanded eligibility and adjusted income thresholds to allow more families to qualify for a potentially larger credit.

401(k) contribution limits increased to $23,000 for individuals under 50 (up from $22,500) and increased to $30,500 for individuals 50 and older (up from $27,000).

Contribution limits increased to $4150 for individuals (up from $3850) and increased to $8300 for families (up from $7750).