Standard Deduction

IRS Announces 2018 Tax Brackets – Standard Deduction Amounts

The Internal Revenue Service has announced the annual inflation adjustments for a number of tax-related provisions for 2018, including, of course, the latest tax rate schedules and tax tables. These are the numbers for the tax year 2018 beginning Jan. 1, 2018 (assuming that there are no big changes as the result of tax reform). They are not the numbers and tables that you’ll use to prepare your 2017 tax returns in 2018 (you’ll find them here). You’ll use these...
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