IRS Announces 2018 Inflation Adjustments

 In Planning, Taxation

Source: Forbes.com

The IRS has released the 2018 inflation adjustments. Generally, the 2018 inflation adjustments will apply to tax years beginning in 2018. The 2018 inflation adjustments include the new tax rate tables. They also include the income levels for the limitation on certain itemized deductions, and the phase out range for personal exemptions and credits. Continue reading.

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