Income Tax (2024 tax rate tables) Taxable income Tax due plus % of income* Single Up to $11,600 $0 + 10% $11,601 to $47,150 $1,160.00 + 12% $47,151 to $100,525 $5,426.00 + 22% $100,526 to $191,950 $17,168.50 + 24% $191,951 to $243,725 $39,110.50 + 32% $243,726 to $609,350 $55,678.50 + 35% Over $609,350 $183,647.25 +
Retirement savings limits are once again on the rise in 2024. Many IRA and retirement plan limits are indexed for inflation each year. Several of these key numbers have increased once again for 2024. How much can you save in an IRA? The maximum amount you can contribute to a traditional IRA or a Roth
$3,822 – Maximum monthly Social Security benefit for someone who claims benefits at full retirement age in 2024. Someone who claims at age 62 in 2024 would only be eligible for a maximum of $2,710, while a claimant who delayed to age 70 could receive a maximum of $4,873. To receive the maximum benefit, you
What has changed for you in 2023? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Some bigger changes, especially those in the family, are practically a pirouette. If notable changes occurred in your personal or professional
More than seven out of 10 current workers in a recent survey said they expect a paycheck to play a role in their income strategy beyond traditional retirement age. In fact, 33% expect to retire at age 70 or older, or not at all.1 If you expect to continue working during your 60s, 70s, or
64% – Percentage of charitable giving in 2022 that came from individuals. The rest was from foundations (21%), bequests (9%), and corporations (6%). Although individuals are by far the largest source of giving, their share has been declining, and this is the fourth consecutive year that it was under 70%. Americans gave almost $500 billion
Gift cards are always at the top of holiday wish lists. In fact, gift cards are the gift consumers want to receive the most during the 2023 holiday season.1 Unfortunately, gift cards are also popular with scam artists. A relatively new gift card scam involves scam artists placing a barcode sticker over the real gift
Your most valuable asset may be your ability to earn an income. Over the course of your lifetime, you could earn several million dollars — money that helps support you and your family. If something happened to you, how would your family replace your lost income? Life insurance can help replace your income when needed
An estate plan is a map that explains how you want your personal and financial affairs to be handled in the event of your incapacity or death. Due to its importance and because circumstances change over time, you should periodically review your estate plan and update it as needed. When Should You Review Your Estate
If you can’t help but notice a growing fascination with “the metaverse,” both in pop culture and the financial news, you may be wondering what all the buzz is about. Contrary to how it sounds, there is no single, definitive metaverse — at least not yet. The term refers broadly to the various 3-D digital
