Revenue procedure announced more than 60 provisions being updated for annual inflation adjustments. A few key areas not affected are:

• The personal exemption remains at $0 for 2024.
• There is no limitation on itemized deductions.
• The Lifetime Learning Credit continues to be phased out for taxpayers with modified adjusted gross income over $80,000 ($160,000 for married filing joint).

A few key areas that were affected are highlighted in the tables below: