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IRS releases new federal tax brackets and standard deductions. Here's how they affect your family's tax bill.

Por: MarketWatch Politics October 23, 2022

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Many tax code provisions — but not all — are indexed for inflation, so the announcements are a recurring event. But when inflation is persistently clinging to four-decade highs, these annual adjustments carry extra significance. “When inflation is persistently clinging to four-decade highs, these annual adjustments of approximately 7% for the standard deduction carry extra significance.” Start with the standard deduction, which is what... + full article



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