Accounting and Tax Facts

• The 2024 mileage rate is now 67 cents per mile.



• The 2024 IRA contribution limits are $7,000 for most taxpayers and $8,000 for taxpayers 50 years old or older. Both limits are dependent upon income levels.



• Long-Term Capital Gains and Qualified Dividends tax rates are generally 15% for 2024 with some exceptions for low income and high income taxpayers.

Visit these websites for more information:

IRS.gov
Aicpa.org
Ncacpa.org
Sosnc.gov
Dor.state.nc.us
Savingforcollege.com
Ssa.gov
Bplans.com
Dol.gov
Healthcare.gov