Today news
About the same in other media
28.11 - 16:43
Tax Brackets Will Be Higher in 2022 Due to Faster Inflation, IRS Says
Reading now: 214
WASHINGTON—The threshold for the top federal income-tax bracket in 2022 will climb by nearly $20,000 next year for married couples, and that 37% rate will apply to income above $647,850, the Internal Revenue Service said Wednesday as it implemented automatic tax-code updates to reflect faster inflation in 2021.
For individuals, that top tax bracket will start at $539,900. Those levels increased 3.1% from tax year 2021 due to automatic inflation adjustments built into the tax code, and the other tax bracket break points will rise as well. Due to increases in consumer prices, all of the tax bracket thresholds and other key tax-code parameters are rising faster than usual.
Read more on wsj.comAbout this in other media
Robinhood exec says proposal for a single digital asset regulator is stupid cointelegraph.com /3 years ago
U.S. Should Restrict Investment in China Due to Security Concerns, Panel Says wsj.com /3 years ago
Tesla, Toyota Accuse Biden’s EV Tax Credit of Putting Unions Over the Environment wsj.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
