Tax laws can undergo changes in response to economic and societal factors. Given this, service providers play a crucial role as primary sources of guidance for service members. Staying well-informed ensures adherence to the latest tax regulations and helps identify strategies for tax savings. This includes leveraging deductions, tax credits, and incentives that can benefit military families. Having an understanding of the 2024 tax laws equips service providers to more comprehensively assist military families in their financial planning efforts, ultimately contributing to their financial well-being and economic security.
Join Andrew Zumwalt as he provides insights into the key 2024 tax updates that are pertinent for service providers. These updates include inflation-related adjustments affecting tax brackets, the standard deduction, and changes in capital gains tax brackets. Learn the latest on Child Tax Credits, Dependent Care Flexible Savings Accounts, student loan interest deductions, IRA contribution limits, and more.