In 2012, Many Tax Benefits Increase Due to Inflation Adjustments

IR-2011-104, Oct. 20, 2011

WASHINGTON - For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced today.

By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer, must be revised each year to keep pace with inflation. Read More...


31 Steps to a Financial Tuneup

Taking time out to put your personal finances in gear can reap both immediate and long-term benefits, from cashing gift cards to reallocating investments. This checklist can help you formulate a strategy, providing tips, the time needed to achieve them, and links to additional resources. For each category, Ron Lieber, the Your Money columnist, offers his insights on video. You can customize your list by removing items to suit your strategy, and then print a personalized list of the items you plan on tackling today. Read More...


Small Business Tax FAQ

Answers to common tax questions on tax deductions for small businesses. Read More...


Get More Tax News & Updates Here

• Federal IRS: http://www.irs.gov
• State of Texas Comptroller: http://www.window.state.tx.us
• Texas Workforce Commission: www.texasworkforce.org

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