As we gear up to bid farewell to another year, it’s time to dive into the financial forecast for 2024! 

The IRS has spoken, and we’ve got the inside scoop on the contribution limits for retirement plans and other noteworthy cost-of-living adjustments. Let’s kickstart your financial planning for the upcoming year.

Ready? Set. Go! 

🔐 Retirement Plans to Maximize Your Nest Egg

The IRS has unveiled the 2024 contribution limits for retirement plans, giving you a roadmap to bolster your nest egg. Whether you’re a seasoned investor or just dipping your toes into the market, understanding these rates is key to optimizing your investment strategy.

Contribution Limits for 401(k)s, IRAs and More in 2024

2024 IRA Tax Deduction Retirement Limits

📊 Income Limits: for Tax-Deductible IRA Contributions

It wouldn’t be a new year without a glance at the income tax brackets. Discover where you fall on the spectrum and strategize accordingly. Knowing the tax landscape empowers you to make informed decisions, potentially minimizing your tax liability and maximizing your financial well-being.

2024 IRA Tax Deduction Income Limits

 Roth IRA Contribution Eligibility

2024 Roth IRA Contribution Eligibility

2024 Income Marginal Tax Brackets

2024 Tax Brackets

📈 2024 Long-Term Capital Gains Tax Rates

 

2024 Long Term Capital Gains Tax Rates

Screenshots from:  2024 IRS Contribution Limits For IRAs, 401(k)s, and More – appeared first on Darrow Wealth Management.

🌟 Plan, Navigate, Prosper!

Raygar Khailany 

CEO and Co-Founder 

PlanScout 

PlanScout: Your Partner for Personalized Financial Planning with a Friendly Touch! 

We provide outsourced financial planning services for licensed financial advisors, enabling them to accelerate their growth by delivering visually engaging and comprehensive financial plans within just 3 business days.