The IRS recently released updated income tax brackets, standard deduction, and retirement contribution limits for the 2024 tax year, including:

Informational purposes only and is not a replacement for real-life advice. Be sure to consult your tax professional before modifying your tax strategy

The financial professionals associated with LPL Financial may discuss and/or transact business only with residents in the states in which they are proper registered or licensed. No offers may be made or accepted from any resident of any other state. Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Investment advice offered through Global Retirement Partners (GRP), a registered investment advisor and separate entity from LPL Financial. SCE FCU and SCE FCU Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using SCE FCU Wealth Management, and may also be employees of SCE FCU. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, SCE FCU or SCE FCU Wealth Management. Securities and insurance offered through LPL or its affiliates are:

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