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Soaring inflation may mean lower tax bills for some as IRS raises brackets

Por: ABC News Nation October 19, 2022

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Some Americans may have lower tax bills when they file for 2023 after the IRS adjusted tax brackets and increased deductions to counter the soaring price tags on groceries and other daily staples.Tax brackets will increase by about 7% in an attempt to counter rapid inflation, the IRS said in on Tuesday.Those updated brackets could mean that Americans whose wages haven’t kept pace with inflation will land in lower brackets and owe relatively... + full article



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