Tax Relief Deductions Due to Inflation for 2012
Thursday, November 10th, 2011In 2012 changes in inflation will be reflected in available deductions, meaning additional tax relief for taxpayers. Tom Herman of the Wall Street Journal wrote a brief article titled A Little Dose of Relief in 2012 outlining some of the tax expenditure changes we can expect in the next year. Below are three deductions the IRS recently made announcements about for 2012:
Standard Deduction: The basic standard deduction for single individuals
