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In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
For the 2023 tax year, the Earned Income Tax Credit (EITC) will increase to $7,430 for qualifying taxpayers who have three or more qualifying children, a $495 gain from $6,935 for the 2022 tax year.
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
Sen. Mike Rounds, R-South Dakota, on Thursday introduced a bill to eliminate the U.S. Department of Education.
The 2025 Winter World University Games will take place in Turin, Italy. [4] Comet C/2024 G3, if it survives perihelion, could brighten to magnitude −2.0 or higher and reach naked-eye visibility. [5] January 14 – February 2 – The 2025 World Men's Handball Championship will take place in Croatia, Denmark and Norway. [6] [7]
The following is a timeline of the presidency of Joe Biden during the fourth and last quarter of 2024 from October 1 to December 31, 2024 and the first 20 days of 2025 from January 1 to 20, 2025, when Biden is scheduled to leave office and will be succeeded by Donald Trump. To navigate between quarters, see timeline of the Joe Biden presidency.
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