Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.
As inflation impacts the economy, these thresholds are updated to reflect changes in the cost of living. This means that the amount you are required to pay in taxes may change accordingly.
Understanding these adjustments can help you better plan your finances and tax obligations for the year ahead. Stay informed to ensure you’re not caught off guard by any changes in your tax responsibilities.
https://www.moneytalksnews.com/irs-announces-income-brackets-and-tax-rates-for/