Federal Tax Post – 03/06/18

The IRS releases revised inflation-adjusted and other 2018 federal tax numbers for individuals. The figures reflect changes to the inflation calculation and other revisions required by the Tax Cuts and Jobs Act. Amounts covered in the release include income tax brackets; the standard deduction; health, charitable and specialty items; the gift and estate tax exemption; certain foreign items; and civil penalties. The figures have been indexed using the Chained Consumer Price Index for All Urban Consumers, also known as “chained CPI.” See http://bit.ly/2I4nxeh

By | 2018-03-10T11:18:20+00:00 March 6th, 2018|Federal Tax Posts|Comments Off on Federal Tax Post – 03/06/18