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IRS adjusts tax rates because of inflation, allowing many people to save money on tax bills

Por: The Boston Globe Nation October 19, 2022

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WASHINGTON — The rapidly rising cost of food, energy and other daily staples could allow many Americans to reduce their tax bills next year, the IRS confirmed Tuesday.Tax rates are adjusted for inflation, which in typical times means incremental movements in the thresholds for what income is taxed at what rate. But after a year that brought America’s fastest price growth in four decades, the shift in rates is far more notable: an increase of... + full article



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