In 2024, several key tax updates have been introduced, including adjustments to income tax brackets, an increase in the standard deduction, and higher retirement contribution limits. The 401(k) contribution limit is now $23,000, and the gift tax exclusion remains at $15,000 per recipient. Additionally, the Saver's Credit continues to help low- and middle-income earners save for retire... https://bostonfagroup.com/#/navigating-tax-changes