What the IRS’ Tax Bracket Changes Mean for Your Refund ...Middle East

American taxpayers may earn a surprise increase in their tax refund this year thanks to the Internal Revenue Service’s (IRS’) tax bracket changes. The adjustments are in effect as of Jan. 1, and are part of the agency’s annual inflation changes meant to roll back “bracket creep,” which is when inflation pushes taxpayers who received a cost-of-living raise into a higher tax bracket, even though their standard of living has not increased. [time-brightcove not-tgx=”true”] Inflation has been moving towards the Fed’s target rate, though previously elevated rates of inflation have impacted the costs of everyday goods and value of the dollar. Taxpayers may have experienced a decrea

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What the IRS’ Tax Bracket Changes Mean for Your Refund ...Middle East

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