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

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 ...

Inflation is always and everywhere a monetary phenomenon,” Milton Friedman once said. In other words, don’t blame greed — ...

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

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 ...

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

As Delaware County Council mulls over enacting a 23.8% county tax increase ... than inflation. In the 2025 budget presentation, county Executive Director Barbara O’Malley showed a graph that ...