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2018 Inflation Adjustment Amounts Released (IR-2017-178; Rev. Proc. 2017-58)

The IRS has released new inflation-adjusted amounts for 2018. These inflation-adjusted figures generally apply to tax years beginning in 2018 or transactions or events occurring in calendar year 2018. Included are the tax rate tables, the beginning income levels for the limitation on certain itemized deductions, and the beginning income levels for the phaseout of […]

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