"Why Your Paycheck Could Increase in 2024: What You Need to Know"

The federal government has made changes to the tax code, including adjustments to the standard deduction and individual income brackets, resulting in slightly larger paychecks for many workers in 2024. These changes aim to combat "bracket creep" caused by inflation. While the increases are not as substantial as those seen in 2023, they are intended to help offset ongoing inflation. Despite steady economic growth and low unemployment, many Americans remain dissatisfied with the economy due to lingering effects of high inflation.