Today, the IRS released the 2018 tax brackets (a tabled breakdown of the IRS federal income tax rates) and standard deduction amounts, and there will be a number of inflation adjustments over the 2017 tax brackets and standard deductions. Granted, the changes are minimal, given a CPI increase of just over 1% this past year. Since we’re still in 2017, the 2017 tax brackets are going to be of most interest to you when you do your upcoming taxes, so I have included those as well. Armed with the below information, it would be an excellent time to calculate what
2018 Tax Brackets &...
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[Read the rest of the story at 20somethingfinance.com]