For 2014, more than 40 tax provisions are affected by inflation - TopicsExpress

For 2014, more than 40 tax provisions are affected by inflation adjustments, including personal exemptions, AMT exemption amounts, and foreign earned income exclusion, as well as most retirement contribution limits. this year, the tax rate structure, which ranges from 10 to 39.6 percent, remains the same as in 2013, but tax-bracket thresholds increase for each filing status. Standard deductions and the personal exemption have also been adjusted upward to reflect inflation. For details see the article, Tax Brackets, Deductions, and Exemptions for 2014, - See more at: taxpronh/newsletter.php#1

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