IRS pushing up income brackets for inflation relief - NewsBreak

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By Megansoto in Business
Updated 2 years ago

The good news is that income thresholds are getting a boost. The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900, up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and...

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