American Taxpayer Relief Act 2012

Changes to tax rates, exemptions, credits and deductions recently occurred in the newly-enacted American Taxpayer Relief Act of 2012. Some of these are indexed for inflation. Of note, one of these being the recently topical exemption for Alternative Minimum Tax...

US inflation adjustments to tax benefits

IRS advises that in 2011 a number of tax benefits including the personal exemption and standard deduction will be adjusted for inflation. Tax brackets will also widen due to tax provisions modified by legislation passed on December 17. Personal and dependent...
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