IRS adjusts tax item amounts for 2021 due to inflation

The Internal Revenue Service issued its annual inflation adjustments Monday for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction amounts and more.

Original Article Posted at : https://www.accountingtoday.com/news/irs-adjusts-tax-item-amounts-for-2021-due-to-inflation

Posted in Accounting