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By Jeanne Sahadi, CNN The Internal Revenue Service (IRS) announced adjustments to several items on federal tax returns for this year and next on Thursday. These updates are the result of changes in inflation, but are also due to provisions of the new tax law enacted in July. The impact of the adjustments will depend on the deductions you claim and your taxable income. However, overall, "many taxpayers will see modest relief simply because deduct…
IRS makes changes that will affect your taxes this year and next
The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation but also due to provisions in the new tax law enacted in July.
·Atlanta, United States
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Total News Sources8
Leaning Left1Leaning Right0Center7Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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