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...



