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Single taxpayers and married individuals filing separately get $14,600 deduction.
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Heads of households receive $21,900 deduction.
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Tax rates on long-term capital gains and dividends remain unchanged.
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Income thresholds for tax rates increase in 2024.
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0% tax rate applies at various income levels.
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Workers may receive up to 10% more in tax refunds due to high inflation.
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Tax Relief for American Families and Workers Act of 2024 passes.
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Bill provides business tax breaks and expanded child tax credit.
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Next steps