Changes will apply to standard deduction amounts, marginal rates and various credits beginning in tax year 2025.

The Internal Revenue Service announces inflation adjustments that impact tax brackets. Here's what you need to know.

The Internal Revenue Service released its annual inflation adjustments ... taxpayers into a higher income tax bracket without an increase in real income. (See chart above.) Details: The 2025 ...

However, when inflation is high, IRS inflation adjustments can increase the value of various federal tax credits and deductions. The inflation adjustments that have just been released by the IRS ...

The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming ...

Bracket creep occurs when inflation pushes individuals into higher tax brackets. The result is an increase in income taxes without an increase in real purchasing power. The Consumer Price Index ...

Inflation increased at its fastest monthly rate since the spring and saw its highest annual rate of increase in several months at 2.7%. The Federal Reserve is targeting 2% annual inflation.