IRS adjusts tax items for inflation in 2024

IRS adjusts tax items for inflation in 2024

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets, and more of today’s top stories.

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IRS adjusts tax items for inflation in 2024

Revenue Procedure 2023-34 spells out detailed information about approximately 60 tax provisions for next year.

In other news today:

IFAC taps its next CEO

The IFRS Foundation's Lee White will succeed Kevin Dancey at the International Federation of Accountants in March.

Eide Bailly merges in Secore & Niedzialek

The Top 20 Firm has added a CPA and tax planning firm based in Phoenix.

IPSASB unveils standard for retirement plans

The board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

Cybersecurity for CPAs: Don't empower imposters

By clicking on malicious links and then entering your login information, you risk letting cybercriminals pretend to be you and send out $250,000 worth of fake invoices.

Ivanka Trump testifies she had no role in dad's net worth claims

Her answers, and the documents displayed to her on the stand, show she was deeply aware of the importance of his net worth in securing the best terms on loans.

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