Federal Agencies
IRS to allow reduced tax bill due to inflation
The Internal Revenue Service will let Americans keep more of their income next year in response to inflation. Since tax rates are automatically adjusted for inflation, there will be higher cutoffs for all seven income tax brackets, and a higher standard deduction when you file your tax return.
Top Stories
Trending
- SCOTUS lets stand Texas court order hospitals not required to do abortions violating state law
- New Biden-Harris Medicare plan could cost taxpayers $20 billion in election-year giveaway, CBO warns
- Former Biden EPA head and climate adviser admits green energy challenges underestimated
- Influential group says climate reporters have ‘moral obligation’ to be biased, outlines new project
- Russian arms dealer released from US jail in exchange for Brittney Griner, back in arms business